They may sell at a reduced price compared to a homeowner who has taken care of and loved their property.None of these repair issues are a deal-breaker by themselves.

For comparing properties or managing properties?

Super cheap houses compared to Denver where I’m at, and good rents.

Quote from @Ted Davis: Hi all, I’m looking at signing up with Propstream or Privy to help find and compare investment properties.

@Jason Smith you may want to consider moving a few of those loans with comparable current interest rates over into an LLC and refinancing them into a DSCR product.

I was wondering if there are any limitations to getting a 2nd FHA loan as far as what value the 2nd house is compared to the first one.

We love the area, but not sure how the occupancy and return compares to other markets such as Gatlinburg. 

Point is cash flow (positive or negative) can be inconsequential compared to the appreciation assuming you do not need the cash flow to pay the bills - cash flow is taxed, appreciation is tax deferred and can be avoided.I put forth effort to keep my RE investment significantly leveraged.

i dont know anything really about Texas market other than there has been a big building boom and houses can be built very cheaply there compared to other areas of the country.

If you are looking to build quick capital and another full-time job, then flipping may be the answer...if you are looking for a slightly more passive approach and looking to build that long-term wealth, buy&hold'ing is maybe a better strategy.I've found introspecting on where I want to go long-term has helped clarify my short-term path...The beautiful part is Chicago offers all options at affordable prices general speaking compared to other metro areas.