Investigate government programs such as HUD, USDA, and FHA loans, select investment techniques such as house hacking, turnkey homes, or purchase and hold, and assess properties using tools such as Grants.gov, HUD.gov, and BiggerPockets.Good luck!

That held me back for same time as well but once you select your exit strategy and build your team you will be off to the races! 

So things like asset class selection and strategy selection are important (and again...looking at just one doesn't mean all the others are going to be the same).

Yes, we do have good success because the property selection is based on data and analytics not our opinion.

THat 2/1 is 700k-ish, just now I see 4/2 900k-ish but has basement and unique layout, rent from several rooms can be $3k-$4k here, if mortgage is $4.5 then you actual mortgage is only $0.5-$1.5.

I would think it would be a very unique situation where this might happen.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

What to Stay Away From: Are there any red flags or pitfalls that I should be mindful of when selecting properties to flip? 

In the sales contract the option to limit the seller to retaining the deposit instead of suing for liquidated damages is usually selected.

It was a simple selection and scheduling process.