@Troy GandeeYou make a great point, and this sometimes is where people get stuck - in many instances people rely on their interpretation or opinion of things - but In reality if you are the only person or minority who holds that opinion and everyone you need to do business with has a different opinion - you can argue till your blue in the face but if everyone around you who you need to close a transaction will not do it, does it matter what your opinion is?

On a fix and flip, once we have your experience verified, then we are relying on the appraisal to come back at the investor’s anticipated after repair value to ensure maximum leverage can be offered.

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

If you decide you are ready to rely on a professional approach to management (with a stable cleaning team at all times) we are happy to help! 

I am not advocating closing before you see it but taking it off the market and then relying on your boots on the ground, skin in the game partner, to help with the due diligence

And this is not the case for a true flip, as in Basit's #1.Mentioning #2 creates a dangerous incentive to ignore the rules applicable to flipping and rely on a flimsy declaration of "intent" to hold the property as a rental. 

I’m inclined to rely more on the protections offered by my insurance and umbrella insurance rather than the LLC itself. 

What are some ways to find leads besdies relying on brokers?

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

Bottom line:  Professional flippers don't rely on getting deals closed in 2 months unless it's a property that only needs paint, flooring,.... no permits.