That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

Thank you all who responded, I plan on spending some time driving the neighborhood and talking to anyone at the local coffee shop who will talk to me. 

Spend your time and money learning how to avoid that kind of situation rather than learning from on the job training.

Most can't even conceive how they will ever have just $200,000 sitting around in liquid cash to spend. 

Spend time getting to know your investment objectives.  

I would spend a few bucks on nice ads in local magazines and/or do flyers in areas that are higher income. 

That’s why the successful wholesalers and flippers I know spend $10,000 and more MONTHLY on marketing.  2.

It’s better to spend a little now than risk costly mistakes later.

Your strategy takes advantage of your employment cash flow and ability to control discretionary spending.