I have done a fix and flip in Lauderhill FL before being that I am from south Florida.

I purchased a fix and flip that got complicated when we found one of the basement walls was bowing in.

I do already have a construction crew run by a friend who fixes anything that needs attention before renting out.

If you paid all cash, you paid full price for the property, and the cash flow, any amount of cash flow, is only playing catchup.

I have done a couple of fix and flips.

I primarily invest in buy and holds, but I do a little bit of everything including fix and flips, airbnb's, mid-term rentals, and wholesaling.

Tariq  It depends on the type of loan program.If it's a Freddie Mac loan 6-7s depending on PPP, LTV, Fixed Term, and location. 

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Banks won't usually touch it even if buyer is qualified to purchase, banks don't like to finance small purchases, most have minimum amount they will finance (around 100K or higher).

But there are alternative exits that still profit a decent amount, in my opinion anyways.So, this is what you would call a high risk strategy?