As a comparison with how crazy it is, there is a lot near Gandy and West Shore asking $700K and  they are tearing down perfectly beautiful houses on Davis Island for $650K to build $1.5million + dollar homes.

I have no personal debt, school debt or payments of any kind and for the moment, I am able to live at home with my parents.

My goal is to develop beautiful, affordable, sustainable houses in B neighborhoods.  

At the moment, Buy and Hold seems like it makes the most sense for me.

Understand that if it's on the MLS in our market at the moment the sellers have the upper hand.

I don't having anything that matches that criteria at the moment but I'll add you to my buyers list for when I do.

Hi LarryI'd say making $25k+ and $60k + profit on each the day of closing on  appreciating beautiful turnkey properties, one with tenant in place..the other is rent ready...is amazing.

Don't be too quick to just allow anyone into your beautiful rehabbed property.

From my perspective ( I am no expert) prices have risen substantially over the past 7 years (as everywhere) and it is difficult to find properties that meet good cash flow criteria at the moment. 

From the moment they aquire the property, it will take them anywhere from 4-8+ months to get the project turned around.