I would identify a RANGE of comparable rent values.

@Austin Styer along with @Wale Lawal's comments, I would focus on flipping a home that will end up in the median price range for a neighborhood, and not creating the Trophy home for a community.

You want to grow your portfolio wide, before you grow it deep.

This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).

Value: While property management fees typically range from 8% to 12% of monthly rental income, the benefits often outweigh the costs by ensuring a well-managed property with reliable tenants and fewer legal issues.ConclusionWhether you manage your own properties or hire a professional, the importance of property management cannot be overstated.

I’ve received a number of responses from investors essentially stating that they use a simple buy/rent/hold approach in small residential properties, and have accumulated net worths in the 1 - 3 million $ range starting with just one mortgaged SFR. 

It’s a modest home, and we aim for broad appeal with a neutral, updated look that attracts a wide range of buyers.

Early on in this discussion I thought you were just a wide eyed fellow taken in by the ability to enter into a market with little investment.

With a strong background in both real estate and lending, I work with a range of clients—investors, builders, and developers—to help them achieve their investment goals.

I'm hoping this leads to me avoiding a lot of those early mistakes, but we'll see how well that actually holds up.The main thing I am excited about with Bigger Pockets is hearing opinions and thoughts from a wide array of people.