A lot of this may depend on your liquid position, ability to access data for the markets you're seeking to invest in, and the type of support you can have in any particular market.I can tell you TX is old faithful and you can get into deals with less out of pocket, but there is high competition and your margins may be lower than say GA.

It doesn't surprise me that they were able to get these deals sold, either to newer investors who didn't know the area well (or didn't have good estimating ability) or to more experienced investors who could do rehabs for lower prices.

If you want that ability, go MTM.And as for the last month's rent, just hold on to it.

I like to know about the elements of such campaigns. 

@Tommy Yost- 1 advantage you will have as a military member will be the ability to find good rental units that you can move into as a your PR and rent them as you move to your next station.

I think the #1 reason this strategy works so well is the ability to pull the trigger quick on a good flip and do a quick closing.

If the daughter is of legal age and has the ability to contract have her sign as well.I've had a couple, husband and wife who were both blind as tenants, great tenants.

I can't speak from experience, but a couple of advantages that are quite easy to pinpoint are access to the MLS, and the ability to earn commissions on transactions (or save them).

Looks like I have the ability to do it all online as well on my own time.

It is no fun on my savings and using my own money restricts my ability to grow.Anyone have any good info on how to find reputable hard Money lenders?