That makes complete sense.

They'll buy a house from some of these wholesalers or wholesale companies that inflate ARV and lower repairs so these inexperienced flippers end up losing money or barely breaking even (which in my opinion is losing) San Antonio has a few pockets that make sense to flip in but people know this and they're selling these houses at a price that doesn't make sense to flip.

Or does it make some sense to just start off doing so in my own name until I get a handle on things and have more than a few properties?

My suggestion to anyone flipping in Newark though is that you have to know the area well enough or have the property secure at all times because of vandalism on properties being constructed is pretty common.

It probably makes more sense for you to focus on lead generation and the value added opportunity than the final execution. 

It appears that you're seeing higher cap rates because the market is shifting that way.When the cap rate on a project doesn't make sense, Google any news on the market cap rate.

Putting $75k down for a few hundred a month in cash flow doesn't make sense, plus, I lose the equity gain from being 12 years into a 30 year mortgage. 

I set up my Solo 401K trust (Which is NOT subject to UBIT) through @Dmitriy Fomichenko at Sense Financial and he's very knowledgeable this subject. 

After that, I dove into my market and analyzed deals using numbers that are common in my farm area

I told the Adjuster that it doesn't make sense why they wouldn't cover me for damages.