Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.

I sold all my SFR rentals in that markets as collecting rent and keeping houses in good shape was just too tough.. ( thats jackson proper)  as I said madison and Ridgeland will be fine..

@Danielle Levy a lot of questions regarding your accusations:1) What are the average Days On Market (DOM) for rentals in this "hot" market?

So there payments are $200 - $400 dollars under market.

Just do thorough research on the local market and have a solid plan for managing the properties remotely.Good luck!

Hey Paul, I've done a few of these with buyers moving money from California to the Detroit market. 

Just like any of the investment strategies here in BP, they need to evovle as the market and housing landscape evovles.

I highly recommend investing in a property management software, such as Hospitable, for syncing your calendar, automating messaging, and scheduling cleans, as well as a dynamic pricing tool, such as PriceLabs, for optimizing your pricing based on market demand, local events, and seasonality. 

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

Being in the Austin market gives you a great advantage since it’s such a hotspot for investors.