You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.

Avail sends this to the resident, collects rent and deposits it into our account.

I'm looking to use it as an investment, not a primary residence.

I am a long time Little Rock investor and resident.

There's too many investors who are front page news in Northern states re CFDs gone bad and Texas where lease options went bad and the state enacted buyer protections...Take care to all.   

To be brutally honest i don't care if it's at cost, below or above, I only care what it is exactly and how much. 

Quote from @John Perkins: Investment Info:Single-family residence fix & flip investment in Success.

Jason - First, we care about our users, which is why our policies exist. 

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

As for the zip code you mentioned, some of the areas in there are nice due to steady rental demand, you just want to be very careful on the neighborhoods you select as some areas will be better than others.