It is possible to get into several funds at $50K, which would give you instant diversification.

Things can change in an instant if they pass laws restricting short term rentals. 

Too much time.are there web sites where i can get online instant quotes?

So the property above has a value of 40k (instant equity for us of 40k-16.5k=23.5k), so Cap Rate- 5k/40k= 12.5.

I've mapped out my search areas on FMLS and have instant reporting for all listing in my criteria.

They returned my initial call nearly instantly, asked me what I was looking for, and tailored suggestions to my requests.  

Not a get rich quick by any means, but I have some cashflow and instant equity.  

If you are looking for instant returns then I would go turnkey,but if you want good equity and have a lower price entry (below market value) then I would do BRRRR.

Once a house is listed for auction in the paper or on the auctioneer's website, the homeowner will get a flurry of solicitations from flippers and [gulp] wholesalers almost instantly.

In my simple mind, the process can be: 1) Build instant equity via Rehab2) Airbnb it for a 1-2 years to establish above average rental cash flow track record3) Recoup significant part of your rehab cost via rentals4) Sell at marginal premium to investors looking for Turnkey rentals given it's proven higher cash flow Repeat process via 1031Over time, with 3-4 properties always in various stages of the process, I should be able to book decent cash flow as well as flipping profits - without becoming a Airbnb maven with significant landlord responsibilities.