It's also easier to figure out all of the pro's and con's a head of time to avoid lost time and money.  

Turnovers and vacancy kill a rentals profitability.

Does the cost per sqft account for electric and plumbing? 

For cash flow, I'd recommend checking out the Triad (Greensboro, Winston-Salem, High Point) or Fayetteville in NC and Sumter and Florence in SC. 

Although those guys had brick and mortar and where very good at what they did ( screwing people)this new crop are just hiding behind social media and their key board. 

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this. 

Stock picking is gambling pure and simple. 

It's an asset that will continue to grow as more and more people and institutions begin to adopt it as a safer hedge against inflation than precious metals. 

How many bedrooms does it have and what do you think it'll rent for?

Excited to socialize, share, and learn.