The house is currently in a R-7.5 zone, which allows for duplexes. 

Purchase price: $366,500 Cash invested: $73,300 Investment property near the University of Arkansas.

Expect that to be a higher interest rate (commensurate with the higher risk held by the 2nd position lien holder), but it should be feasible with a good understanding of the financials.If the property is in Central Arkansas I would consider funding that. 

In the state of AR, wholesaling is illegal for agents to do now and our brokers are asking us to report it.

Do a few flips with them so you aren't burned out and you will find out of you wnat to go on your own ar just continue the partnership.Good luck!

It takes more money to do a project in Southern California than it does in rural Arkansas. 

Beyond that I would prefer the Southeast (TN, NC, GA, AL, FL, AR, etc.).

I have heard places like Milwaukee,WI and Phoenix, AR are hot markets for cash flow and I also heard that Boise, ID randomly is booming as well. 

@Ethan GriffelHere’s what I expect from my tenants:Pay rent in timeKeep the house niceShovel/mow as needed Replace light bulbs and smoke det batteries.

I think I might be thinking too ar ahead.