In our neighborhood (+/- a mile), I have not seen a single home sit on the market for more than a month since we have been here.  

I expect the lower end RE market to outperform the mid and high end markets in 2016 through first half of 2017.

Brandon the 50% rule is to account half of the rent towards repairs and the 70% rule is to only pay 70% of the after repair cost minus needed repairs.

There was a down payment assistance program, and the seller paid for half of the closing costs.

I ask them to beat other stores on certain things (for example a 6x6 is almost half as much at Home Depot).  

In the past I have determined the basis by pulling 5-6 comps within a 2 mile radius and documenting my 'math' that arrived at that basis (similar to an appraiser's table.  

WalletHub recently compared the 150 largest cities across 13 key metrics, such as sales per agent and the annual median wage of agents, to find out the best places for real estate pros to practice, and the mile-high city won out.

You can use www.spotcrime.com to see what is happening around the house within a 1 mile radius.  

I'll cut to the chase:3b/2ba each unit (built as a duplex so mirror images of each other)Listed for 80kPurchase price- 70k (seller paid closing costs) with 20%down ($14k)Rent- 650/unitPITI- approx $500/monthNeighborhood- C+ to B (about a block and half from a very nice park but with some rundown houses on the block.

I am new to the flipping world but I have a lot of construction background and I even finished half of my basement myself.