If the returns are so good I would assume they could target higher net worth individuals, and the fact that they cobble together a bunch of beginners $50k investments is a red flag for me.3.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Sometimes, it’s all about finding the right nearby areas that balance cash flow with future appreciation to achieve your goals.Here are a few cities (there are more) just outside Atlanta that have strong RTP ratios and more affordable entry points, I suggest looking into:East Point, GA College Park, GA Douglasville, GA Lithonia, GA If you’re interested in any of these areas, feel free to DM me!

Your reinvestment target will drop by the amount of cash that you take. 

I wouldn't target Austin goers since they have a surplus of similar things but Dallas is lacking alot. 

@Jon Schwartz also has an awesome calculator you and your target audience can download.

Target Number:                                                                                                                    320,000                                                                                                                                    -64,000 or 20% (agent fee 6% 19,200, GC Fee ~ 25,000, Title/ Closing/Funding 19,800)             256,000 all in                                                                                                                        ~40,000 Profit                                                                                                                      216,000                                                                                                                                       -5% Buffer 205,200So what can be built for 200,000This puts the build size at 200k/120sqft or 1666.67 sqftIn my gut this still appears to be to much house even with 40k in projected profit. 

In my opinion, it is something you should sit down with an attorney who provides entity protection, so you can map out what you're trying to achieve.

Markets with balanced property prices and strong rental demand will be key.While rising prices and interest rates may impact cash flow, with careful deal analysis and a focus on areas with good appreciation potential, it's achievable.

Should I wait until I’ve purchased the property, or start once I’ve decided on the target market and city?