Instead of getting caught up on the numbers figure out an area , see if its feasible, drive to it and look at the area, then see if your willing to take the jump to actually move to that location. 

The property is about 3 hours drive from my primary residence and I go there once or twice every week to work with my contractors to coordinate and manage the renovation.

I think contractors are everywhere, literally drive around or do a google or facebook search and vet them.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Hi All, maybe a dumb question: Looking at a potential flip and wondering if anyone combines driving for dollars/off-market with conventional loans?

You must spend time researching properties and I drive by every property that I am willing to bid on.

This attracts more tenants rather than drive them away while their previous landlord is still holding eir security deposit. 

Austin has been a high growth city and likely is six to 12 months ahead in the business cycle as many smaller cities.Of those Three, San Antonio provides you the same legal backdrop (Tx) and also geographical access (same day drive) and accelerating immigrant population growth (GDP growth requires much more immigration both red/blue agree on this in private)

Is it driving Uber or something?

But your withdrawal is going to drive up your income tax bracket, because all of that withdrawal is considered income.I closed out my 401K of $480K, paid all taxes and penalties, and was left with around $300K.