Is this 1 flip where you're going to lose $20,000 and never touch real estate again? 

What was your financing source? 

What I'm trying to say is that going up to 1.5-2 hours outside of even the biggest cities, there are pockets of affordable towns/cities with at least positive cash flow (although its never been harder to find than right now, I've been waiting for 3 years for the market to make sense before buying again). 

The #1 reason why landlords fail is this:  Failure to manage to the lease (Source: American Apartment Owners' Assn). 

Those three one caught my house on fire and I ended up evicting 2 Tenant.

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.

I ended up evicting him because he continued to violate the no-pet rule.  

However, there are some investors here who are having a lot of success finding cash-flowing deals through off-market sources. 

It's worth $149 (prices went up) for a year to see if it will be a good tenant source.

@Amanda Lindsay Which property management software did you end up going with and how is your experience?