I won't go with the riskiest opportunistic strategies, and will stick to core and core plus mostly with some value-added.

Or would you stick with engineering and invest until you can quit when you hit FI?

I mostly stick with buy and hold which is a much easier (and lucrative) business.If you really want/need to stick with the flipping model, make sure your skills are up to par to tackle things that a casual flipper can't handle.

Sticking to your guns pays off. 

In the past undocumented aliens have tended to stick together in tight communities for the feeling of security I would imagine. 

Stick fairly close to i-85 as you go south.  

Andrey, I try to stick with the basic formula (After Repair Value - Estimated Repair Costs) x .7  to give me some buffer; however, the market is tough right now - in my area - and it is difficult to find deals like that, but after about 20 hours or work I just got another one under contract.

, you can stick with the "first, come, first served" rule.

The property is fully rented at present.Here are the numbers:Purchase Price: $230,000Down payment, 25%: $57,500Loan amount: $172,500.00Loan payment (conventional, 5%, 30 yr): $926.02Monthly rent: $3100.00Monthly costs (see below): $1,456.50Monthly NOI: $1,643.50Monthly Cash flow: $717.48Yearly CCR: 14.97%The monthly costs include:5% vacancy10% Maintenance10% Capex9% Property Management~1.5% Property taxes~0.6% InsuranceI normally would put vacancy at 10%, however the tenants in the area seem to stick around for a while and it seems unrealistic to assume that every unit will turn over every year. 5% to me means that I am planning on 2 units turning over every year, and that it won't take longer than a month to fill those units again.I am also expecting the 20% of Maintenance+Capex to cover turnover costs.

Cory I've found that a lot of landlords don't stick as closely to the 1% rule as they do cashflow after expenses...