I just read Scott's Slow Flip book.....(1) Is it still feasible to buy houses for $30,000 -  $40,000 in this market?

It's a 3 bedroom house and we plan to use technology such as a smart lock, WIFI exterior cameras, and a smart thermostat.

In a tenant friendly state you have to.BTW, when you list, there's a fair housing law. you cannot deny a sec 8 if they qualify. your standards need to be the same for everyone

Quote from @Zach Rumfield: This particular property might make for a good house for professors or staff at Delta State if anyone has connections to that school.

Interesting to see how feasible this will be. 

Here are a few additional ideas that have worked for me and others in competitive markets like Austin:Off-Market Leads from Contractors: I had a friend who rehabbed a house in North Austin last year.

House was built in 1953. 

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

Underpriced properties get scooped up within the first week—often before the first open house.

One thing that's worked really well for me is looking through county deed records of the addresses that the LLC's are being housed under.I'd say 50% of the time the LLC address leads to a residential property, that I can then skip trace.