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We actually bought 3 houses before the crash (which we still have), but the crash kinda discouraged us a bit.Now we are ready to get back into the game, and decided to learn from our mistakes (buying brand new and renting), now we wanna try this flipping houses stuff that everyone talks about.

Also what am I missing(I am brand new to this)?  

It def has a long way to go, but something is in the air..it is def rough still, but ive been able to get a 4 digit rental sum for just 1 of the rooms so far from the 6beds i am renting. maybe idk what im talking about but i was first considering newark, as it is even cheaper but its so big and the ironbound section is pricy now, and its still so far out. in greenville a nice big 2 family w garden, brand new central AC, parking etc under 300-400k while union city is now 700-800k and then hoboken/JC downtown is millions.

You can see my frustration with the franchise for not offering this for a such a national brand.

One of the benefits that this property offers is the fact that it comes with 5 acres of land positioned between two brand new subdivisions.  

Installation is way more important then what brand you chose, as most are fairly well engineered and reverse-engineered copies of each other.

You'd be surprised how often they swear it was brand new, then we produce a photo from before work that shows it was not.Regardless, it is extremely important that you give your contractor proper "Right to Cure".

I am looking to purchase Ray Alcorn dealmakers guide and was wondering if anyone was interested in selling before I buy it brand new.

. :)@Salvatore Lentini Yes, I agree that I really need to be looking at more than $100 a month, and in truth I am, really I'm looking at between $200-$300, but being brand new to the game, I'm keeping my actual net cashflow estimate conservative at $100 a month.Funny thing is I do have a chunk of the aforementioned $20K in P2P Lending, but I'm working on liquidating it (at a premium) to put together the cash to start REI. :)