Current thinking is:a) 70% rule, for immediate resale scenariob) BRRRR, Build and hold as rental scenario Thanks in advance for any suggestions!

In addition, I would suggest that people making decisions about Grocapitus read investor reviews.

If you're targeting a specific market, I suggest connecting with local investors through meetups. 

You can read a book and multiple books, but unless you are out there doing it (I.e. getting bids and getting contractors to truly get you an exact estimate) you will be far off from the numbers you want and may even lose money on the flip/rehab.The best advice I would suggest in my experience is that you should get into the line of work by either partnering with someone or working with someone on some projects prior to going into a flip on your own.

Frozen puke in the toilet etc.Any suggestions?

@Robert Rixer so you would suggest saving up enough cash to buy as an investor for my next property?

I'd suggest making sure to get a good GC/construction company for repairs.

And, if you were able to generate $500/mo cash flow as Scott suggests, his method would not replace your income: if you could do only 3 properties a year that would net $1500/mo cash flow and it would take you 10 years to scale it to $15000/mo.

Honestly if the property taxes are enough to make the rentals a bad deal I’d suggest selling.

Your Lender If you need a deal finder my suggestion would be to go to the top of this page where it says AGENTS & click on that.