If solid comps are showing 120k, you should be good, "if" you have solid rehab numbers.When I run numbers for a flip, I take the worst case scenario on everything, then if I still have 20k profit(after commissions, holding costs, insurance, closing assistance) I will proceed. 

I have a property that brings in ¼ the revenue of my Nashville place but will likely prove more profitable thanks to no city taxes or fees.- Cash flow: Gross earnings are quite high and more importantly, home values continue to rise year over year.

Moved out of the area and sold the property after renovations for a profit.

The tenant is not as much focused on rent when they are strong regional to national in nature but the best spot they believe drives the most sales and profit annually.It's the lesser quality smaller tenants that are more sensitive to rents because their model is not often proven with scale or over time as much.So you have to know what you are buying and what to do with it.I buy same stuff for cash but I am the GP on the syndications and my LP's put in minimum 200k per deal as accredited investors.To convert the bank to medical would be very expensive.

Here's what I got going on so farCreated my Company "Coastal Sunrises" which focuses on STR Management/co-hosting, and am in the building process right now for my systems and I'm essentially looking to build every one of them to scale with so I am okay with taking a hit to profits immediately if that means paying employees/va's while I'm not managing a ton of properties.

I like the pontoon boat rental idea as an add-on service for your STR - on decent-sized lakes, pontoon boat rentals can easily bring in $200-250 for a half day rental or $400-500 for a full day rental, so you could make a tidy little profit off of this kind of add-on amenity. 

The other big thing is that you need a project with a lot of profit potential each time.  

Profit can potentially reach up to $200K depending on amount of repairs needed. 

It has been very profitable for him.  

While debt holders expect repayment of principal and interest rather than profits, the interest received can be seen as a form of profit derived from the issuer's efforts.