I like to stay in the working class areas as they make enough to pay the rent and bills, but don't have the financial discipline to save enough to purchase their own home. 

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

Hi Makani, I believe that staying positive is great cash flow in itself. 

I have been told to stay away from lease options in Texas.

So a PM can’t charge $50/mo and stay in business, and you can get your money’s worth at $320/mo. 

This setup ensures every project stays on schedule and within budget, which is huge in a market where timing is everything.3.

Since you're already in Tampa, staying local for your first few deals can help you stay hands-on and learn faster.

Started with a structural engineer, hired them for drawings, the whole bit.

Are you looking to stay in the city? 

You'll still need some liquidity for reserves and to be reimbursed for work completed in draws, however its usually limited to 10-20% of the rehab budget needed in reserves to make the deal work.You're welcome to DM for more details if interested. 👍 Good luck!