You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.

@Nick Rivers This might be a bit controversial, but I actually don’t think underwriting is the most important part of "finding deals."

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.

Most importantly, choose a market that aligns with your goals!

Build Credibility with Private LendersSecuring funding is just as important as finding deals.

I agree with what others above said, that having a reliable, honest and knowledgeable team is the most important thing...more so than perhaps the location. 

Hospitality, attention to detail, cleaning/handyman team, programs used for bookings and calendar organization, inventory audits, home maintenance, etc. are all extremely important but all of that doesn't even begin to describe all of the things an experienced property manager does.It is a matter of how much time and energy you have to invest in your properties and if that time and energy is worth it to you.

I'm curious as to what's important specifically about the FHA loan?

How you use the equity will be important. 

This deal reinforced the importance of seizing opportunities for quick flips when a property is market-ready.