@Peter Sanchez is spot on.

The thing about the bad areas... you'll see TONS AND TONS AND TONS  of listings... all for the same spot.

I love getting a property to its sweet spot, build out systems and get a chance to sit back and spend any day I want hiking, sailing or hitting the beach with my family.

What @Dave DeMarinis said is spot on! 

@Richard Lee is spot on. 

Hey Robert,Covington is a great spot to be definitely for investment and for rentals right now.

Any thoughts on that sweet spot between capital, time, or any other factors that investors are looking for that makes them go for a flip vs a rental?

I don't want to use his name publicly without his permission, so perhaps we can DM each other to confirm if that is the case.Anyways, all of the above comments are spot on, he should be benefiting from the deals but you should also do you own due diligence on everything too.As I mentioned, feel free to send me a message and we can connect that way if you would like. 

I don't want to stretch ourselves too thin, so please let me know if you think it's best to just sell this house to put us in a better spot for the next house we purchase. 

While this is not a prohibition on getting a new loan it will make it more difficult if the second loan is FHA, and the reason his advice it so spot on is the transaction will go so much better if you start with FHA and do VA second.