(this helps expands your geographic targets if you don't have to manage), etc. 

Each Scope of Work (SOW) is unique to each property, as the specific needs of each flip vary widely based on the property’s condition, location, and target buyer.

The good news is that with the right approach, you can also achieve positive cash flow in these markets.Ultimately, success in real estate investing hinges on selecting a growing market, a desirable neighborhood, and building a strong support team.

Local market for now but eventually I'd love to target out-of-state properties as well.

Some will be over-achieved and some will be under-achieved.I don't put much credence in the published returns. 

If talking to more builders does not work out to join you on transaction #1+ and you have enough capital and heavy rehab experience along with a GC / builder doing the project many lenders out there will offer you a lower leverage loan for your first project on your own.  60% finished value and 75% LTC is probably achievable without a builder in your company for the loan. 

Reliable tenants are the exception, not the norm.How do you target reliable tenants?

I'm actively thinking about my target areas and possible deals, but would really appreciate if there were any groups or mentors available interested in discussing the ins and outs of favorable market locations, financing, ideal type of investments and getting that elusive First Purchase!

The markets you’re targeting sound promising.If you’re open to it, consider Memphis.

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