I am starting and growing a Residential Rehab and/or Flipping team within the Greater Wichita area.

We are a growing market with low unemployment but you will see a lot of the rental income going to covering expenses and setting aside reserves. 

The job market is more diverse and growing faster thanks to companies like Intel moving in, which typically means more stable property values and a broader tenant pool.

Hey @Marc ShinLook, I’ve been at this for a couple of decades now, and I still remember this small bungalow I fixed up in Hillcrest back when I first got my start.. it was a 1920s place too, a bit rough around the edges.

Just remember, you can't close on the replacement property before selling your current one.Qualified Intermediary RecommendationsFor intermediaries, I'd recommend starting with some highly-rated national firms.

One thing to remember is that while BP is amazing, it is a business owned by a VC firm.

I don't remember if there is a bathroom in the area or not, which of course is a downside.  

This allows you to keep more money working for you in the real estate market, potentially helping you grow your investment portfolio faster.

Locking in a lower interest term loan will also force you to get the principal down as opposed to just making minimum card payments every month that allow the balance to keep growing.

But in terms of being able to grow a portfolio with a ton of equity and solid cash flow, being a builder in this area really works.I think the STR part of it also helps as well.