@Brandon Jurczyszyn - The average house price is rising thanks to an increase in new residential development.

You could keep the existing ones if they are not THAT bad, as a way to help keep cash coming in, but plan on taking them out in the end and just develop it all as duplex or 4-plex.

Sharad has some particularly good tips on identifying what neighborhoods you would want to invest in and checking in with the local police department duty sergeant with respect to crime statistics and desirability of areas. 

My partner and I work in commercial real estate development, but would like to branch out and execute our first fix and flip project.

Hi @Melissa ManThere is little slowness identified in >300K houses in DFW metroplex.Little Elm and Denton Housing market is good, as both are in 150-250K range.Where did you buy new build for investment?

What is a developer's typical profit margin?

My advice would be to start listening to the podcasts religiously, from the very beginning to try and identify what your greatest interests in REI might be.

In these markets people have to adjust, and this typically means investing for capital appreciation, development, or syndication; which are all great methods but a bit more advanced.

Or do you like building things and seeing them develop. 

I continued to look for investors everywhere I went. at street fairs, through my small network of home owners and business people, hosted seminars on finding and doing fix and flips and built up a group of investors who encouraged me to find them development deals.