Both approaches fail because they forget the most important part of the deal: EMOTIONS.

Quote from @Landon Sheveland: Curb appeal to attract attention, then kitchens and bathrooms are usually the most important areas to focus on.

It's important to vet these companies thoroughly.

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.

I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month. 

I found an article online of the top 100 cities in the US for flipping houses and put them all into a spreadsheet.

First and foremost you are just reading a newspaper article.

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When a tenant causes problems, I can remove them six ways from Sunday, typically much faster than the courts could do it.Financial Management & Reporting: It may seem small, but accurate accounting is important and not in the tool box of most investors.Market Knowledge & Rental Rate Optimization: Understanding the market is critical to maximizing returns.

It's important to ask yourself, and be honest with yourself, how you would handle managing tenant situations if you were to become a landlord.