I have been flipping in Denver for 4 years and that business has gone the way of the 8-track player (at least for me it has).

In my market I know what the value of a property is and I know the type of buyer I am competing with, since I target triplexes this is primarily other investors and the occasional owner occupied buyers looking to lower their mortgage payments.

One of the key players in the Cinci market is Paul Glenn.

So while we can't compete with the appreciation of any of the coasts we have GREAT cash flowing properties that allow investors who don't have a boatload of cash to still make great returns on an amount that would be a downpayment for a house with 3-4% returns in California.

Not being condescending but there aren't any big players here, they don't bother with spending time on forums or hitting on podcasts, only newbies and those needing to impress them land on internet forums.

Really depends on who the competing buyers are.

While discussing this with this other investor he mentioned that when looking to flip properties you should really stay away from the 50K - 150K properties as this is where the buy and hold investors are looking to buy, and a flipper cannot compete with the prices that a buy and hold investor can offer.

You'll be competing with rehabbers who got into the house right away and are submitting contracts with little to no contingencies.

Have to deal with Illegals, and no English, and lots of players...therefore the  services of the property management are valuable.

If anyone knows a good competent real estate attorney that understands these as well, I'm all ears.