Why do you think this will do well when you make it look nice on the open market and disclose it's in a flood zone and flooded in the past year?

Ultimately you need to understand the underlying economics, psychographics and demographics of the market you are purchasing in to know if and how you can re-tenant the property.I'm a bigger fan of dollar generals or family dollars that are in multi tenant shopping centers. 

@Sean Spagnola - I always like to have photos of recent comps in my back pocket to help with the design of a BRRRR to ensure that the finishes are similar/same to the market. 

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

I live in Utah, where the real estate market has exploded to say the least through COVID, so investing in my backyard isn't something I'm interested in right now.I'm looking for a market with houses available to be renovated under $50k!

As far as markets go, there are tons of options, what are your goals?

I want to create a strong marketing plan before taking that step to help me achieve my goal of earning $50k in commissions.I’m hoping this group can help me with a few questions:1.

OTM = General, overhead/widescreen view of nationwide market tends.BPRE = Detailed ways specific people are making money in real estate.

Also, if you're having trouble finding inventory in your market, look for single family homes with accessory units or even mother daughter setups.

TN markets are still pretty free market so even if you do get cancelled there will be alternatives.