I'm assuming you're not looking to turnover the tenant, but your rent appears to be way below market.

Additionally, their marketing was very compelling.

@Audrey Sommer I prefer investing in my local market (Snohomish County).

We have family teams in place in both markets of Texas & Virginia and source deals on/off market through agent referrals, cold calling motivated sellers and PPL.Well, if you get more deals than you can handle and they’re too good to be true I have a friend in San Antonio that buys properties I might could point you to. 😇 

Austin is a fantastic market, with its growing tech presence and vibrant culture, making it a great choice for your future career. 

.): ~$35K (assuming 8%)Total Cost: ~$375K–$385KProjected Profit: $65K–$75K before taxesThat is a decent margin, but this being a two-year project, you need to be sure the market doesn't shift downward, and that you have a buffer for unexpected costs.3.

If so, I would appreciate hearing your thoughts and experiences regarding the local market, investment opportunities, and overall outlook for the area

I have found a good market and have built a good team thus far and I'm ready for my first flip.

Just as bad as the posts you see from time to time of the grandchild wanting to work out creative financing to buy their grandparents house below fair market value.  

I am talking to someone on their commercial side, however the last communication I had with them when I asked where we were on attaining a quote was that the under writer was having trouble finding a market for the mobile homes due to the age.