The Reality: Price CorrectionsIn many cases, these so-called improvements are actually "Price Corrections."

In my small city (70,000 or so) we have a university with about 20,000 students with a nursing school, hospital, and obviously several mid size employers that I’m sure have people travel into this area for business purposes.  

Save all the cashflow from the rental and within a year or so you will have enough to purchase another home with 20% down.

And also, what about buying in an area that allows for non-owner occupied STRs, so you can Airbnb or short-term rent the place when you move out?

As our beautiful city continues to grow, so does the demand for housing, jobs and investment opportunities. https://tinyurl.com/256w4aau#PanamaCityBeach #RealEstate #InvestmentOpportunities #Growth #HousingMarket #PCB

So your gain would be 600k - 500k. 

I work at a medium-sized wholesaling company and comp off-market deals 24/7, so I can speak for Propstream as a non MLS User with 3 years of experience on the platform. 

What’s been the biggest lesson from your flips so far?

@Vincent Paventa You may want to skip trace owners of rooming houses in your targeted area and call them directly, this would probably be your best source of sound advice.

IF it's a rate & term refinance, we have no seasoning what so ever.