Denton County offers opportunities in suburban and college town markets, while Grayson County provides affordable entry points with cash-flow potential.

He's doing the "student army" approach to get deal flow (across the nation) just as many other educators are. 

Louisville is fantastic for cash flow and is a safe place to start since we don't typically get caught up in the roller coaster effect of steep appreciation followed by sudden pull backs when the market isn't red hot.  

Whether you’re targeting strong cash flow or long-term appreciation, understanding the dynamics of each neighborhood is key.

I am building them especially for STRs, but they will have a cash flow as regular rentals.

Are you generally seeing cash flow positive deals from day 1?

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.

Every HML will work somewhat different but here is the standard flow:1) Get pre-approved with an HML - This should be free.

Quote from @Wade Wisner: To respond to your questions:  Doing more would mean purchasing performing or non-performing notes at a discounted value.I wouldn't be investing in your $$ range, but am looking to build equity or cash flow,The returns that I get in fix-n-flip deals range from over 20% to 50% or more cash on cash so notes would be competing with those returns. 

Or just any suggestions for the best bang for your buck areas that offer at least a little cash flow and appreciation ?