You will also need to stockpile cash.There are some methods to invest with low scores and no cash but they rarely succeed. 

For instance, I don't research the typical economic factors like growth, freeways, shopping nearby, population, etc... 

The contract he proposed is to:purchase the house (20k above their purchase) for 75k.I put 10k into it to fix the roof and HVACHe puts what he estimated as 12k or so to rehabHe believes he can sell for 140k easily FSBO - or use flat rate MLS listingA recent comp nearby (only 1) shows a similar sized, but newer home, much less land, sold for 150k The house needs some new drywall, paint, unsure if tile is still OK, kitchen rehab, 2 bathrooms rehabbed, probably carpet in the roomsMy holding time is 90 days to sell apparently in order to qualify people for FHA loansIs this a good place to put limited supply of my money? 

It just may not be feasible or wise to spend the time to create a database, maintain contact with owners, lenders and prospective buyers when there are few transactions).Conversely, available product is scarce in major markets, and as a result, a MHRV broker in a nearby state likely knows many eager qualified buyers.In large markets, I think posting a listing on Loopnet or other listing sites can be the kiss of death for a good quality/easily financeable property – before you know it, tenants and employees are alerted, and you have a bunch of worried employees and tenants on your hands.

@Brit Hale I'd love to hear what you've got going on in Joplin, and that Bass Pro in nearby Springfield is one of the coolest Bass Pros around.

I had friends near by, and i knew the market was hot.

I was definitely considering that area as I'm pretty familiar with it as I went to Saint Joe's in the Overbrook area and the nearby Manayunk section continues to appreciate as well.

I used to rent nearby too.

There is a retention pond nearby that is no longer draining out efficiently and has become more concerning with very heavy rain.

Potential rent: I found a 2/1 nearby for $800 of a nearby apartment, and there are air ducts in the photos.