That said, it looks like the operating expenses you're assuming aren't too far off.The one big item I'd add into the "expense" category (though technically not an expense in accounting terms) is capital costs -- these are the long-term costs you'll face to keep the property well maintained.

:)In all seriousness, you want to start asking your professional friends (high income earners such as doctors, lawyers, engineers, etc) and your older friends (those who might have retirement funds they aren't yet using), and see who is looking for a better return on the cash they have sitting around.Then pitch your *low-risk* opportunity (explain how it's secured by real estate worth a lot more than what you're borrowing) and see if they're interested.

One thing it does illustrate, and this is one way I use it, is to show the relative number of buyers and what times of the year they are and aren't active.

The transactional fees aren't bad considering the profit I will be making off the deal.

I'd venture to guess that there aren't any standard businesses paying an effective tax rate of 60% given our current tax laws.

We aren't looking to flip this though and instead this would be a rental property.

Many of those deal aren't deals, they are divorce settlements, transfers to family or trusts may be investors putting stuff in an llc.Sounds too like your Realtor just put you on the public side of the mls, solds are there but limited to mls members, a Realtor giving out access to the public would be in for it, doubt you'll have that much of a favor unless you marry them.Try courthouse records, multiple mortgagors are buyers with financing, grantees with no deed of trust are cash buyers.

Quality....not quantity!

., and local authorities aren't authorized to do anything without a court order.

Here are the budget breakdowns on both houses to give you an idea of what I spent here in Atlanta (and you can look at the pictures to get an idea of the size/condition of the house):http://www.123flip.com/house-19-budget-recaphttp://www.123flip.com/house-35-budget-recapPersonally, I think all these flood houses are a great opportunity for investors who aren't scared to jump and take some calculated risks.