Purchase price: $150,000 Cash invested: $15,000 Sale price: $301,000 Found this deal off market and flipped it quickly for a profit.

What kind of market are you looking for? 

You could put it on the market (and you'll know what that second assumption is), and at the same time do whatever you can to get the tenants out (and know what the first assumption is).

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

Obviously you jam it all in the stock market for 11%.

Higher-cost markets can still work with appreciation, rent growth, and creative financing.Best next steps?

Quote from @Sebastian Medina: I would search out people in your market that are flipping, and try going to a couple meetups as well.

But it's playing with fire to buy there if STR is a priority as it's very likely they will eventually start enforcing it better.Yes I've seen this same thing in some of the markets we operate in.

My company scans and analyzes thousands of properties a day and I can say there are definitely better markets than others!

Why do you think this will do well when you make it look nice on the open market and disclose it's in a flood zone and flooded in the past year?