If the returns are so good I would assume they could target higher net worth individuals, and the fact that they cobble together a bunch of beginners $50k investments is a red flag for me.3.

So you then you could extrapolate what interest rate would be needed at that time to hit your minimum targeted return if you did not want to sell but refi.I find with STNL 3 million and below lot's of cash buyers so they are not as affected by interest rates in the market as the buyer is not using debt for the purchase.

Hey Kyle, the agent finder on BP is going to lead you to the best investor friendly agents in your target market. 

Starter housing on the west coast is pretty tough unless the govmit buys the land and donates it.. land cost are huge part of it.. but in cities were you have lots that are basically worthless  as existing homes cost less than it cost to build.. those could be targets.

Your reinvestment target will drop by the amount of cash that you take. 

I wouldn't target Austin goers since they have a surplus of similar things but Dallas is lacking alot. 

@Jon Schwartz also has an awesome calculator you and your target audience can download.

Target Number:                                                                                                                    320,000                                                                                                                                    -64,000 or 20% (agent fee 6% 19,200, GC Fee ~ 25,000, Title/ Closing/Funding 19,800)             256,000 all in                                                                                                                        ~40,000 Profit                                                                                                                      216,000                                                                                                                                       -5% Buffer 205,200So what can be built for 200,000This puts the build size at 200k/120sqft or 1666.67 sqftIn my gut this still appears to be to much house even with 40k in projected profit. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

We found Kipling St through targeted local market research, identifying it as a quick-turn opportunity.