Always consider the source.

NOT Portland proper that sucks but the metro is quite hot.

Austin is a unique beast in itself, and many property owners have an overly inflated perception of their property's value.When I flipped a property in Austin, I sourced it through a New Western agent.

I get the desire to own outside of Chicago proper, but instead of going to another state altogether, why not invest in one of the burbs?

I would imagine most misrepresent their sources and uses when they apply for their financing.

If you're open to mid term renting (we transition to this during our slower season), I'd also recommend speaking with the university and trying to see if you could try to be the source for their mid term housing.

To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

I want to stop being pennywise pound foolish and get things set up properly. 

I'm hoping I could get some advice from this community on how to source off-market deals, as well as a pulse check on what I've been doing so far.

I just read an article recently that noted "Avg Profits For Flipped Homes" of $80,000, however when you dig into the article and their sources, "Profit" is simply Sale Price - Purchase Price...so it doesn't consider renovation costs, holding costs, financing costs, etc.