Hi Armando, If you are looking to flip in the heart of PHX, a $250k-$300k purchase price budget would likely get you a condo or townhouse.

Hi Johnathon, Welcome to the community- - Majority of our investor buyers start with what their budget is and if they need / want financing, explore what those options are to leverage their cash. - There are flexible mortgage solutions available to investors that may allow for up to 85% financing.- work with an experienced agent to guide and assist in identifying properties that are priced well and can cash flow. 

When I budget for maintenance, cap ex, and vacancy I take money from all income rents and put it into one pot that I manage.

.:: most companies are going to be dead situation now and they are holding cash as the number of orders has been slowing down a lot ….. the number of layoff in trucking sector is worrying becoz they are the front in inflation indicator 

Personally prefer SFR..Not sure about DFW but do have a realtor reference for you..be sure to budget for furniture and furnishings if not sold turn-key..a seller concession is a great way to preserve capital for MTR or STR's..check in with @Joseph Chiofalo for an investor friendly lender..he's excellent at helping structure loan programs for investments.

It's been amazing - doing my first flip, during office hours with James we went through my layout and budget. 

They have a budget in mind when they start looking and if yours is outside the normal realm for say an 8 bedroom, it likely wont' even show up in their search.

You'll typically see them partnered with traditional Self Storage - meaning those Facilities offering Storage Units for folks to store their household treasures AND on-site parking spaces for Boats, RV's, company trucks, etc. 

@Priya Gohil, given your budget, I am assuming you are looking at single family or small multis (4 units or less).  

I would also budget more for reserves, closing costs and the potential of coming with funds to close on the refinance.