Taste and style changes more frequently in these areas, so they feel dated faster.  

I'm frequently surprised at how some people live. 

I was very skeptical at first too because they prey on the cognitive biases and their approach can be very sales-y at times.

I agree with @Connor Hibbs's comment on terms for first time flippers and if this is something you want to start doing more frequently I'd look for lenders that offer some type of rewards program to gain better terms through doing repeat business.

https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...

But that's not very frequent.

This has been mentioned in the past and we receive frequent calls to our main office in reference to this lending company utilizing this web URL etc.  

I want to be somewhat hands on so I would pick markets that are driveable for you and visit frequently. 

The first thing I'd recommend is focus on a market where you either 1) currently or have previously lived, 2) have family/friends that live there, or 3) travel to/vacation there frequently.

If it does, then to me the answer is absolutely clear - take that money out and add more property.You will thank yourself a million times over when you see what that choice becomes in another 10 years. btw: I would add that I am very skeptical of anything in florida these days.