Below is a breakdown of the current financialsGross Rent (me living there - 3 of 4 rented): $4,750Gross Rent (without me living there): $6,600Purchase Price: $372KRehab: $144KTotal (Purchase + Rehab): $516KAround 1 year later, I decided to refinance the property based on the new appraised value, and remove the PMI (1.1% - roughly $500/month).I am now on the search for a another property at the beach (single or multifamily), or other well located areas of Jacksonville, that have value add opportunities.  

I've been a buy and hold guy for about 10 years, all single family.

Its a single owner property.

You wouldn't make a ton of cash-flow but if the economy stays good (which is what you're betting on right?)

Maybe a single house or two with the systems you referenced? 

Good Evening:How do you go about finding Properties that are Distressed ( not properties listed on HUD or HomePath ...... as these properties Never seem to need that much work done to them ) I am looking for properties that I can pick up for around $30,000 - $40,000 and that need $15,000 + worth of Work done to them And who's ARV would be in the $100,000 - $125,000 range I have the Cash at hand to Be All-In on my end of things , at around $80,000 - $90,000 But I don't want to have all of my Cash tied up into one Deal, But I also want to make sure than I can Flip these Properties rather Quickly , by being able to offer them at a Purchase Price at roughly 10% BELOW the current Market's Value on Similar Properties with the same comps, and that are within a 5 Mile Radius of the Properties that I fix N Flip Is a Driving For Dollars approach most Likely my best Bet to find these " Severe " Distressed Properties ( Not so Severe though, that they have Structural or Foundation Issues ).

With only a single closing I would have reduced my overall closing costs.

My name is Coleman and I am living in the Plano area looking to learn more about single family / multi family buy an hold investing in the DFW metroplex.

I had a single family rental for a year that turned into a land contract.  

At the age of 24 I personally own over 1.2 mil in single family homes in Saint Louis, MO then lost over 400k in real estate do to the crash in 2008.