We are in no way experts but we hope we can get others that are struggling to start themselves the tools and knowledge they need to take the dive.  

After the holidays I’m going to dig deeper into the Richmond and Norfolk markets.

Any advice for diving in on a first flip? 

I'm also new to BiggerPockets, so diving right in with profile updates. :-)

I have been taking a deep dive in to past episodes, very informative!

He dives deep into many of the systems he has in place.

Then dig deeper into those listings to find additional sources of equity creation, like: a garage that can be converted to an ADU down the road, a decrepit but easily improvable facade, a large 2-bedroom that could be converted to a 3-bedroom down the road, etc.Where in LA do you live and work?

Hey @Nick JansenYou will probably want to dive a little more in-depth on the underwriting.

It suggest that when you go deeper to the "off market"deals you’ll find even better deals.The issue with this is - a lot of markets have these types of deals - BUT they are not in good neighborhoods.We need to find the markets where these 1% deals are in C class neighborhoods or better.100K Minimum Population SizeThis was my old criteria, because I felt that larger towns had more room to scale and a larger selection of tenants, contractors, property managers, wholesalers, lenders, etc.These things are true, but right now bigger cities have a lot more competition and they also have more variance on neighborhood and house quality.

this seems like a good reason to dive further into asset based lending which begins to make things like income more irrelevant, and where the deal itself is what they focus their lending on.