Since you’re already networking and have some good realtor contacts, focus on narrowing down your investment strategy (like buy-and-hold or house hacking) and target markets with solid cash flow potential.

As well as limit you potential top end profit.

Which means to me that Zillow is cracking down on people hunting for arbitrage on its platform.Consider that, and other potential barriers, when assessing your marketing tools.

It can also help cover HELOC payments if you find a property with solid equity potential.

You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.

Additionally, don’t overlook Memphis, which has great potential for rental investments as well.

Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?

If you can rent for $3,200 and PITI is $2,961 there is a potential of $239 a month9.

Be certain you've fully evaluated your cash flow by doing a cash flow analysis.I leave it to you to confirm you've taken in consideration the following potential costs: CapEx, maintenance, property management, water, sewer, trash, vacancy, turnover, taxes, insurance, etc.

Sounds like you guys have the potential to be an amazing property management team!