I see some flippers (who would be your buyers) pick stuff up for up to 90%, even 100% if they are newbies and don't know what they are doing (newbies are not the type of clients you should target IMO) ...

We have cash for a 75% purchase + rehab price to ARV up to $200,000 is our target.  

The person making 400,000,500,000,1 million a year makes so much money per hour that 30 minutes of time to save 5 or 10 bucks costs them money.It's all about the psycho graphics of the consumer being targeted.  

For our first deal, we are targeting the wholesaling and/or fix and flip strategies, do we need a real estate attorney on our team before making our first deal?

I spent this past week driving some target neighborhoods in my area.

I think it is targeted for homeowners, but they do advertise business use.

So the net effect is a tax increase.I like the other metros because you can still buy decent properties at or near that $125K target and get a decent rental amount.Although, from and investment standpoint, ATX is overpriced right now, I'd still rather LIVE here than any of the other areas mentioned.

As a short/medium term furnished rental, wherein you are targeting white collar professionals in town for 1-6 months (instead of AirBnB party animals that might trash the place), I bet it wouldn't be losing $600/mo as a rental. 

Kidding aside, it's great hearing from these professionals...a lot more targeted than any book or seminar.

We live just up the road in chesterfield and the majority of my wife's family is in the area you are targeting.