California where expenses are really high, versus like Ohio (etc), where expenses are really low.Using leverage is always going to make your buying power go further.  

I do however think as things clean up systematically, cashflow will improve and the benefits of low capX exposure in near term and appreciation will work out.

By all means give them a note on how to use all of the appliances (eg clean out the lint trap on the drier after each load, do not use dish soap in a dishwasher, change the furnace filter regularly, etc).

Instead of flipping the house, I should have wholesaled it—cleaning it out and listing it for another investor to take on the renovation.

For example, to get up-to-date property tax data you would need to scrape every county's tax data website (thousands of different websites, data formats, issues, etc...) then aggregate and clean the data.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

➡️Harness the power of branding and marketing.

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

From my experience, you can use that savings to house hack with an FHA loan, invest in a turnkey property in a more affordable market, or even partner with others to expand your purchasing power.