In the starter flip range you get a bunch of newbies overpaying for a property so margins are ultra low.This has caused many flippers to do brand new builds or go to the next level up in flips.

I just happened to know some ultra successful investors in real estate ( I'm sure you do too) and there advice has been to "prepare".

Even if you self manage you have a job being a PM so it's not a free cost savings.Now that the property is over improved with finishes you have to be ultra careful on who you rent to.

There is a sold comp that is very comparable in terms of location and restrictions on building and I would be confident using that comp, adjusting downwards to be ultra conservative in submitting an offer.

Check out the ultra beginners guide.

Many of these homes are ultra high end usually showing more of the posts and beams inside of the finished walls/ceiling.

I'm thinking I come right out and tell him my plan & see if he'd be interested in partnering.First and foremost, the seller doesn't meet criteria for ultra-motivated.

You don't want to repeat that mistake just for the sake of trying to grow ultra fast.

The local banks can't touch this kind of set up and terms.Another option if you want to go after the ultra small apartment buildings is to partner locally with someone there who already has substantial deposits at a local bank and needs a cash partner on a deal.

Of the ones you mention, FL is really hard to get positive cash flow because of ultra high property tax and insurance expenses.