Both Richmond and Atlanta are booming cities with multiple known colleges hubbed in the center.

There's certainly been an uptick in available properties over the last few years as some owners have grown tired, new construction is booming in new lots and ones that were lost in fires, & investors who bought in 2020-2022 who may've overpaid and weren't properly set up are struggling.

Depending on your income needs, pulling equity out and lending privately combined with a fulltime or part time job may be another option that doesnt bring as much boom or bust risk as flipping. 

And boom you buy a lot for the price of a single lot and with some simple forms to the city you get to re establish the old lots..

Buyer rents it to a dead beat, pockets the cash, doesn't pay the mortgage and boom the foreclosure goes on your name.

The boom in building was mostly for the larger cabins because of the crazy rents they were getting during covid (even a little before covid actually). 

Checkout this post from Rob Whiting, CEO of Boom (Baselane partner for rent reporting), explaining his predictions for the adoption of rent reporting.https://www.linkedin.com/posts/robwhiting_big-headline-out-f...

Although finding cash-flowing properties within Austin city limits can be challenging, the outskirts, where growth is booming, offer excellent prospects for both equity and cash flow.

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.