Hey Guys! My First post on Bigger Pockets :)In the Philadelphia Market I am seeing flips AND fix & rental popping up all over town. With all of the articles, youtube videos, and my personal research scrolling thro...

So on HUDForeclosure.com you can purchase a functioning/decent house that could be instantly rented for $85K in a class B neighborhood with a market value of $172K that rents for $1500. 

Some relevant financials are below...any help from the crowd would be appreciated as if like to explore this and do a 1031 in two years.Current rent - $850 Current property value - $75kishNo current mortgage Located outside Houston and appreciating at around 4% a year If tenant moves I'd do maybe $20k in renovations to update kitchen, floorplan and exterior siding but house is functional

At the time of purchase the equipment was non-functioning junk. 

I began using cozy after erent imploded and really liked the functionality of erent.

Attend the conferences, networking events, deal making functions.

You just want to ensure that all of the major functions have been upgraded - like no more knob and tube wiring, for example.

I will look at other stores for range pricing, but Best Buy was good for now since I could easily filter options based on the features of my current range to get pricing comparable with what I already own.Appliance details in case it's helpful:Frigidaire stainless steel electric glasstop rangePurchased in 2007Other than a loose oven handle I was notified about today, the range was fully functional prior to being informed of the cracked glass top.Thanks in advance!

@Matthew McNeilThe BEST books on Cash Flow which tells you exactly what it is, how to use it, and why you should really study the Internal Rate of Return (IRR) and it's derivatives, is this one: What Every Real Estate Investor Needs to Know About Cash Flow..However, you will need to understand Excel Functions and how general spreadsheets work.The other issue is that the Author, Frank Gallinelli, probably makes the assumption that most of the readers of this book have at least High School Math.I will tell you from my own teaching of Adults, there is NO WAY the average American Adult, including Doctors, Lawyers, etc. remembers Math to the extent of High School.Yes, you don't need to know Pre-Calc, but people get so confused with Math.

They are functional and not pretty. https://www.dormakaba.com/us-en/solutions/products/door-hardware/mechanical-locksSchalge is a good brand but not familiar with what they have to offer.