The guy sitting next to me introduces himself; his name is Lester Bird.  

I’m starting small, with a “Slow and Grow” approach, and have found a 2 BD SFH in my price range (under $150k) that needs rehabbing, BUT it was foreclosed and is now sitting vacant.

When we sit down with our investor the Bank.

I feel like a lot of these "cash" transactions are a product of homeowners sitting on record equity.

There are way better options in Florida where prices are dwindling and things are beginning to sit on the market, but the market still supports short-term or mid-term rentals.

., are just sitting, so you won't have as much competition there but may have to take some time to update.     

@Ryan BiankowskiIn my opinion, if you have no experience flipping houses, no experience dealing with contractors and this is your first deal, $10K is nothing.Sorry to burst your bubble.An unscrupulous contractor will burn through your $10K in one day..... literally and you may never see him again.Assuming you have no experience, I would advise you as a starting point to slow down, sit yourself down, and buy J Scott's books for $49.00........and save yourself $9,951.00.Make sure you read them through thoroughly at least once, if not twice before making your first move.There are other good books out there, maybe a good local mentor that you can learn the ropes from and even some good "guru's" that you can learn from despite all the guru bashing on BP but I would definitely start with J's books.Said books are:The Book on Flipping HousesThe Book on Estimating Rehab Costs

Sit down with your spouse and discuss risk reward.  

Been sitting on a lot in Gatlinburg near downtown since 2022. 

I sit in the parking lot of grocery stores and fast foods and look at the clientele.