Maybe in the 500k - 1M range and build up a track record of producing results and profits.

Planning is key here to determine your estimated income and how much gain or recapture each property may produce.

Where can you find a property that produces a positive return in that scenario?

In appraisal, there are generally 3 approaches to value - sales comparison, income, & cost.sales comparison approach is typically best and most reliable for residential real estate (4 units or less), income approach becomes more reliable for commercial properties (5+ or more residential units), and cost approach is better suited for newer builds, unique, and/or income producing properties.

For flipping you have to be in a viable market that produces such opportunity. 

I did have an interesting conversation with their "director of education" who spends an hour to see if potential students have what it takes to qualify for their limited number of coaching slots...in less than a half hour he decided I wasnt a good fit for their program, and hung up on me :-) My non proprietary "secret" is; think about who the buyer is, figure out what they want and give it to them.

He assume each unit produces $200 per month cash flow - $9600 per year.   

That is for, if necessary for us to sell our existing home and move to the number one produced, which will be the first "model home".

Keep the agents list and the investor lists separate and you should have another good out for your deals.I've also worked with builders in the past, sometimes some of the smaller builders will flip houses as well if they can slot and ADU somewhere on the lot.Best of luck!

That is for, if necessary for us to sell our existing home and move to the number one produced, which will be the first "model home".