How do you evaluate if a property is ideal for flipping or if you should keep it as a rental?

Do you have an ideal type of and location within TX/Dallas for a flip?

So I'm in the early stages of developing a beginning strategy for myself in Las Vegas.

A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.

They are developing along the river so a lot of upside here (look up hazelwood green).

Good question, they seem to be all over the place depending on the area and I am not an insurance specialist, I think typically 1.5-2x normal rates but I could be off by a bit i have been honing in on White Hawk if you know that development and its in the pines but it does have water system with hydrants but volunteer fire department ..

Ideally want to break even or cash flow with the 3 tenants.

I suggest focusing on building your "Core 4" team—agent, lender (one who can finance both the purchase/rehab and refinance is ideal), contractor, and property manager.

Quote from @Andrew Betts: A single family home with a pool near Disney would be ideal, however there are around 70,000 of those available.