However, being successful at flipping Austin homes may depend on what type of home you want to flip and your ability to attract investors.Buying and Quickly FlippingWith the demand for Austin real estate being so high and inventory levels being comparatively low, buyers will likely be lining up for the home you're trying to flip.

I have personally been looking at multifamily there as the returns are much more attractive than Bend or Redmond right now.

The thing that makes this an attractive option is the lot size.

Good point Jim, although there are still areas in Chicago where the rent to expense ratio is still attractive and can find good cash flowing rentals.  

Hi @Stephen ColeI am faaaar from a marketing expert, but I assumed the word "ugly" was frequently used because it weeded out people delusional about value/condition of the home, and attracted people that were realistic/motivated. 

But remember you must have a blog if you want to attract anyone to your website.

This and all @Brendon Woirhaye said makes cash offers attractive even if they are for less.

Is he that bad at screening tenants or is this house a magnet for bad apples and what will it cost to improve enough to attract quality people?  

Gerard,Dan is correct, I believe you are looking at syndication firms that pool investor money (investor is a limited partner in the deal) and the syndicate group does all the work finding, acquiring, improving and managing the asset with the goal of earning attractive risk adjusted returns.  

“It’s a lower cost of living, high quality of life and a great tech ecosystem there.”So, should you rather invest in a unique market that attracts a single type of resident from a single industry who is quick to leave the area?