There are strong, recent comps on which to base the target sale price. 

If you want a better return I suggest a targeting properties that need more work, invest in lower cost areas, or a combination of both.

Single family units are more than plentiful in this area so that was my target, however,  since our recent encounters with multiple hurricanes, insurance makes it near impossible to even remotely turn a profit as a landlord.  

I actually wrote an Excel macro to pull down the HUD properties every day in my target counties, then check the bidding results .  

First, we invested $25,000 in targeted repairs and renovations to enhance the property's appeal and functionality.

You can target the, while buying a much cheaper ($ per sf) 2+ story. 

Hi Grant, some things that might be helpful to learn more about the firm/team:- If/why they target a certain asset class- Have there been any problems with liquidity in past deals?

My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.

As an investor I have targeted 44312 for some appreciation and good cash flow.

Florence is still one of my top target areas due to ease of licensing and permitting..currently the only requirement is a business license.