Here’s what I have so far:Downtown San Antonio (78205)King William Historic District (78204)Pearl District (78215)Alamo Heights (78209)Southtown (78210)Leon Valley (78238)Stone Oak (78258)Tobin Hill (78212)La Villita (78205)Helotes (78023)Heritage / Far West Side (78245)I just wanted a broad list to start with areas that could fit the bill.

No reserves, Income may be good, credit on the low side and NO Equity in the home.  

Both investments can offer tax benefits, but real estate typically has the edge.

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Determine your maximum allowable offer (MAO) based on your investment criteria.

I would confirm by seeing the product then going out and checking comparables in that market that have sold. 

I invest in real estate as a "side-hustle." 

However, after their "exhaustive" search of thousands of lenders they partner with, they were only able to offer me one loan. 

Roof lines, window styles, and masonry/siding all play into this natural flow, and the biggest mistake you can make when designing your flips is not following the flow that is already present!