In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

It is pretty low risk from my viewpoint.Then, after you've sold the first property, you could buy another home that needs to be fixed up, live in it as your primary residence, rehab it, and sell it again after living in it for 2 years as your primary residence out of the last 5 years.

what if appreciation is low for the next 2-5 years?

Low cost, possibly yes, but also possibly very time consuming and that has a cost.  

I would estimate the ARV @ $230,000 on the low side, at least that is where we will list it with hopes that it will move as quickly as some of the comps have recently.

Thankfully we are commercial bank clients so our rates are as low as you can get in the market place for anyone who is not Lennar or DR horton or those types.

Quote from @Stuart Udis: @James Wise "Do normal due diligence like appraisal and inspection and you're risk exposure is fairly low.

AI is not some magical, all-knowing miracle that can pull leads out of thin air.AI is simply a faster, more hands-off way to find the same low-quality leads you get from DMM, cold calling, and SMS marketing.You’re not improving lead quality—you’re just finding bad leads faster.

If you're going the live in flip route - one great option would be to go with a low money down owner occupied loan to fund your next purchase.

They just came out with a BabyBox, even smaller one that circumvents state housing lows and falls in as an RV.