Traditional wisdom is 1 year minimum.

Comparable sales in the area can be very misleading unless you know the area. 

Based on my current experience with this compared to #1 and #2.There is an advantage to cutting your teeth on something easier up front...that being said I think you can buy bigger and do a Great Job focusing on inspections to cover your back side, and get best of both worlds.

the market is very strong in Margate but I’m not exact on how it compares if you bought at peak. 

I am a relative newbie as well compared to many on this site, but I would glad to offer you any advice that I can to help you get started. 

I read through your blog post and was confused on one sentence where you comparing the difference in waiting vs delayed finance. where does the amount $5,757 come from in the following sentenced pulled from you blog:"ARV: $85,00075%: $63,750HUD: $58,553.36Difference: $5,196.64.

Because I don't have a mortgage and not amazing credit I don't look great for a traditional mortgage through a bank. 

So I believe you will have a hard time unloading them in traditional note investing circles.Maybe market to people with SDIRAs.

But if I'm using private money to fund it as a "cash deal" then I wouldn't pay as much as I would if I were going to closing with traditional mortgage funds, right?

How do the rental rates compare to the acquisition costs?