And then I'm keeping the smaller ones and doing some bigger ones (3bedroom 2,000 to 2,400 sq ft) that will remain as holds.Keep in mind that as a builder my cost basis is better than people paying retail. 

Any options, especially green ones, on construction cost savings.

Reality is you won't learn to flip yourself without making some pretty big mistakes, mistakes that cost $, maybe all you're $.

Now in this scenario I may have maybe $10K to $20K for both a down payment (on an actual rental property which I will rent out) and repair/CapEx/Vacancy costs.

(To qualify for section 121 tax exempt on portion of sale.). 2) what do you think your net profit would be after selling costs?

Taking it nice and slow and trying to not make mistakes that cost time and money.Thank You for the Input in Advance,

And then closing costs...of $10k?  

For example, now incur 3 months of carrying costs and then have to sell for $20k less those extra costs are your damages that you could claim against the seller.

Are there a ton of renovated properties or are they mostly selling far below replacement cost? 

How much does it cost?