A flipper wants to buy in an area that it is desirable for home owners now, so they can sell quickly and for top dollar after they finish their rehab, a person looking to park wealth usually targets well established areas. 

But in other parts of the country - CA, TX, WA, FL, MA - where you will find it easier to find lenders. 

Here’s the formula:ARV x 70% - Rehab Estimate - Closing Costs - Holding Costs = MAOI use 70% to determine my All-in cost Target.  

IF you qualify for the SOLO401K (must have self employed income as the main criteria) in MOST cases they are better; larger contribution limits, easier to leverage with less paperwork involved. 

You'll find a great group of people here, including some very active in your target market.

I'm thinking of targeting the most delinquent in the form of a yellow letter, with a picture of the home printed on the envelope in efforts to boost open/response rate.

Once you know all of those answers, it will make it a lot easier to answer your question.Good luck!

Just make sure you pay attention to other variables, like how fast the immediate neighborhood is improving, what shape is your target property in and is it attached to dependent property, etc. 

The value that your wife is bringing to the table is actually easier to convert into a percentage of ownership in the deal because you should have a pro-forma and financial projections for the deal and the commissions that she will not charge actually have a dollar amount that is easily calculated based on the numbers you are projecting.Our business model is based on syndications for large multifamily properties where we bring equity from our investors as limited partners and we participate on the general partnership side of the deal alongside our operating partners (which in your case would be the builder).

I would prefer getting fixed price bids from contractors because this will make evaluating profitability easier/faster.