You can arguably make it work in any market.

TX market has been a popular choice for those seeking higher appreciation.

I believe the value would get passed to them and the current market rate. 

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

I’m planning to relist the house around April when the market typically picks up.

It provides a solid foundation and ensures smooth operations.Additionally, you might want to explore marketing to corporate and insurance partners for mid-term rentals.

IMO better options- If you don't need the money in the next 10+ years look into Annuities I'm seeing 7-9% and you don't have to participate in market downturns.

Prior to viewing with clients, I am usually have an idea of the general area, vacany rates, market rents, and property types that suitable for LTR.

Our team has been involved in over 120 flips nationwide as the designer and over 60 in our local market as the investor.

.): ~$35K (assuming 8%)Total Cost: ~$375K–$385KProjected Profit: $65K–$75K before taxesThat is a decent margin, but this being a two-year project, you need to be sure the market doesn't shift downward, and that you have a buffer for unexpected costs.3.