As far as the flip or value-add, I think its a combination of luck and patience to find a healthy yield. 

Like it’s okay to have healthy and professional speculation on tight margins and profits, etc.

I've been through downturn markets with reduced rents and property value and unlike some of my fellow investors in my market that did not care about cashflow and were struggling to stay above water, and very stressed out I slept very well at night and was able to afford for the market to turn because I had healthy cashflow going into the downturn.

Though plenty of buyers were pushed to the sidelines (voluntarily or involuntarily) by rising mortgage rates, Austin's economic strength still supports a healthy demand for housing.What if I’m a buyer?

Fix and flips are still strong with healthy margins.

This is unwise, even in a healthy, growing market.2.

., because like you , I had a very healthy income that could handle my complete mismanagement of the property. 

I personally think Columbus is best because it's a healthy market with a strong appreciation and growth.

My brother is a roofer/sider and my other brother is a healthy younger carpenter/mason.

We are healthy in our 50s(Me) and 40s(Wife) and selected the higher deductible.