But for Fix and Flips and BRRR, you generally need to have all the cash in hand to buy the property, since you will be competing with expert investors with deep pockets.Once you decide what your niche is then you can start figuring out yourself if you are ready or not. 

It seems like you are competing with buyers with deep pockets and can close very quickly on a property.

The key is I've built a deep-learning image analyzer that can grade property quality based upon photos alone to do a better job with a CMA, which I haven't seen any other tool do.

As with the CA market you need to look hard and deep in order to find the right property.

I also have been so deep in the material that I talk to everyone around me about it (sometimes annoyingly so according to some!).

IE are you in a area with a lot of snow and such.or deep south with wind hail and bad soil.. or in an area were crime rates are above the normal or better areas of west coast.. all of these things will eat into cash flow if your buying and holding.

Carpet (stairs and 2nd floor, ~500 sqft) is pretty beaten up and although may survive 1-2 tenants may no be worth the expense to deep clean it.

Carpet (stairs and 2nd floor, ~500 sqft) is pretty beaten up and although may survive 1-2 tenants may no be worth the expense to deep clean it.

Carpet (stairs and 2nd floor, ~500 sqft) is pretty beaten up and although may survive 1-2 tenants may no be worth the expense to deep clean it.Would you recommend carpet, laminate or vinyl plank in our market?

And or at least you would have the name of the landlord to chase down if they are like me and hire a service to do it for them.. or their PM does it for them.one must remember in an area like Bessemer and much of the mid west deep south huge swaths of inventory are owned by out of state folks so they won't be showing up it will be a service or their PM representing them.. or a Lawyer who takes on this kind of work.