I also know the construction styles of the houses in my target area down to a T, so I know which ones are built poorly and which are rock solid. 

I've done it for our 2,200sf 4/2.5 STR property in Round Rock for under $4k! 

January 2018, I began my new job here in Colorado Springs as the Property Manager for Solid Rock Realty and I handle Management Operations for all of our Rental Homes. 

Hi @Craig Ishmael ,The low rents are only a problem is the correlating cost of acquisition (and ownership) are too high for the deal to cashflow.If he sells them to you for rock bottom prices and they are low maintenance, you'll be doing just fine.Since you're used to flipping, you could consider not renewing any of the rental agreements with tenants when the contracts expire, flip the home, and then sell open market.

It's more than the monthly payment or the fact it drops in value like a rock while you make those payments.

Not to rock the boat but I disagree with the comments here.

It is also now an absolute rock-solid floor for a rental that will take the next 20 years of abuse.

We have yet to go out to Little Rock to see our property.

The current market is down, in my opinion it's the time to get in because some of these foreclosure prices are near rock bottom and can't get much lower.DM me if you need any more help

I'm looking for a local real estate attorney in the Little Rock area.