Purchase price: $82,000 Cash invested: $8,000 Sale price: $163,500 Remodeled my first flip TWICE before selling...double the experience and lessons learned!

I would first read several books on property management (Brandon Turner from Bigger Pockets has one of the best!)

I don't have any direct experience on Florence.

Hello Matthew, Feel free to read my reply to @Dan H. the rehab cost was set at 40k due to the significant discounted price of materials.

I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments. 

Might be worth exploring - I can't say for certain, though - my experience is limited here.

@Chris Seveney - that is definitely a clever way of doing it and I read about this in a reddit post.

Stay away from the lower income areas, typically we see properties more distressed, more challenging situations with tenants and late payments etc, we manage around 400 units and from experience its worth spending a little more money to be in a better part of town with more qualified tenants.

I am also documenting our experience along the way on my YouTube, Fitunicorn007 and IG @EntrepreneurBlondiee if you care to follow along. 

Of course when the risk free rate is sub zero, those with capital are urged to deploy it (allow known as quantitative easing).Of course there are many other factors like operator experience, specific market, specific deal etc, but generally this is one of the largest factors.