If you're smart you can make about $20K+ on each of your flips.

Absolutely not, this is your choice as a landlord. 

Of those, doing turnkey in that range, I think your best choice would be Dayton area, at this time. 

personal choice most rentals are bought at or above market.. especially if they are out of state investors.5 to 8 years ago the vendors I funded who sold turnkey would advertise instant equity etc.. and that was generally true vis a vi a rate and term refi..

As your portfolio grows you may want to hire a PM anyways to free you up to continue finding more properties.You have a lot of choices and a lot of studying ahead, but it’s all good stuff!

@mariansmith Thanks for chiming in, next time I cut drywall I will definitely use tape for a straight edge very smart.

I know Tacoma has some industrial areas...are the suburbs a better choice for investing?

Now, with that being said, if you know this is just a starter home for your primary and you may move in the next 5 years or so, I would recommend making a smart purchase with some equity and can cashflow when the time comes.

Their only choice is to split up the animals.

I do not think that is smart because if they can not clearly define what is or is not a good deal for them..