This is a challenging time to place tenants.  6 weeks is my second longest ever with the longest being a unit that was ready mid December and took over 8 weeks. 4 months is long.  

When any of the following is true:1.

You could also try to find a seller who wants to do seller financing and take a risk on you, which would be challenging to find.

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

The tried and true version is pulling a list of properties whether you're targeting distressed homes or high equity homes in which case you can pull on something like Propstream or Propwire, you can skip trace through them or someone like Prime Tracers which has a pay as you go system. 

That would be great if you can post the study here.P.S what are your thoughts on PropertyRadar(I hear they do daily updates I dont know how true this is though) and Listsource by core logic(the site claims daily updates)? 

A true recipe for financial disaster.

We have around $150,000 available for investment.We understand that finding deals in this price range in Phoenix itself might be challenging, so we’d love to get your input on areas near Phoenix where our budget could work.

This is where the true opportunities are.Detroit, starting with Downtown is experiencing a massive redevelopment, at this point its no longer a secret. 

I'm sorry, but that's not true.