Opportunities pop up from time to time on my FB feed, in my chosen markets.

You can head to other neighborhoods as your chosen management company shows competence. 

Win/win for a small gamble.

One pretty important criteria for any lender is that you have some guaranteed means of paying back the loan - even if you are highly marketable, you have either not been able to secure work for the last 2 years, or you have chosen to collect unemployment - either way doesn't build your credibility in the eyes of a lender.

The son wants to show his dad only the 'chosen' property.

We did what @Jean Bolger  suggests, lots of research finding out top growth areas after we had chosen specific conditions.  

We'd love to hear your thoughts on our situation:Offer accepted for Single Family Home (foreclosed bank owned) - Chosen through bids - communication with seller was very slow and drawn out.

I do know that with this being my first rehab,it’s a gamble.

With my move to Gresham, Oregon to escape the ravages of rampant growth and skyrocketing housing prices in the Bay Area, I have chosen to transfer my production skills into a new adventure in real estate investing.I plan to learn the ropes by starting with a number of flips then building up to buying income properties.

Its a gamble but most things in homes are.