Hey Matt,The plan seems good to for starters.

For starters, BP has free online videos and courses for you to watch and learn from.

Far too many newbies starters and I have zero interest in going through there learning curve.

To answer the "purchase price to rent" ratio question... older homes (50s-70s, early 80s) in older neighborhoods or not in subdivisions, older townhouses and condos, houses under distress sale conditions (estate, pre-foreclosure), outside the main high-$ areas (on the periphery, so 20+ minutes from where $250K-$300K "starter" homes are being built)... what I am familiar with: northern Harnett, western Johnston counties.

James, none of this is apples-to-apples or really accurate.For starters, what you've depicted is NOT just "south Detroit".

For starters if The properties are already listed on the MLS and it was a screaming deal then it probably would’ve already been snatched up.

For starters, you have the free informative forums to read and learn about real estate.

Because I have a few around me, that while they are in the $30k - $50k range, they are in a good middle income neighborhoods.My question is with being a rookie/newbie & having a limited amount of funds for your first flip, the little cape cod starter homes are a good place to start.

I got my start in real estate back in 2012 when I bought my starter home and thought it was too good to be true to have roommates pay the mortgage.

My goal: Second investment property, looking for q starter home (3-4 bd, 2 bth) in the 350-400k range that promises good appreciation potential over 5 years and stable rentability.