I am not in the flipping market but I handle multifamily transactions for buyers and sellers who are very transactional.

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

Would love to partner with any of you for a private money loan!

And.....”preREO”...just another goofy a$$ made up marketing term. 

I wanted to see what markets have both a relatively high rent-to-price ratio and high appreciation.

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. 

Currently, I'm analyzing different markets to see which one will best match my strategy.

unfortunately this marketing specialist was NOT a specialist in marketing for real estate businesses, did not understand the unique requirements and characteristics of real estate, and hence implemented their “generic” on line marketing program.  

pretty small hurdle to have a good win as a private lender just get paid as agreed.now equity participation loans those can spin the needle pretty well ..

I see some conservative areas here who would traditionally support private property rights coming down heavy against STRs.