It will be more profitable in the long run.Second, it sounds like you have focused on a geographic area in Florida.

Most beginners after their first year worry about how to deduct all their losses instead of how to reduce taxes on their (non-existent) profits. 

Keep on testing at incremental sections... until you encounter the water flow dropping.

Assuming I don’t live here I would profit $483/mo from a $16k investment.

I'm the Campus Director at a local non-profit and my wife is an Occupational Therapist.  

When I find this out I think it indicates a seller needing OUT.So I ask  you, even though there are many of these houses in the higher price ranges, do you think the price of $300 K to about $1,5 mill is to high to make a profit ?  

Way to much work and problems.Best case scenario :  Find distress house and buy at 55% of fair market value....maybe 20% fix up and carrying costs and hope for 25% profit or less.But avoid junkers, heavy damage, roof problems, furnace problems, etc.  

I’m going to flip houses to supplement my income from being an agent and looking to use 100% of my flip profits to buy rental property.

This doesn't make sense to me because if you overspent on the rehab it doesn't sound like you will have much profit, so a rental might be the best way to salvage the situation.

If I use the contingency I still make a profit and I don't I have a nice bonus in the end. 3.