I've run some numbers for flipping it, and even acquiring it at the listed price, I should still be able to make a decent profit, approximately 20% of the ARV.

When a decent one is new to market, the same 10-15 investors end up bidding the profit right out from under ourselves.

Then, everyone else could give you their opinion on the overall numbers, including the important one at the end: profit.

You can even use it to land a mentor if you connect with someone in your area and offer them a majority split (like 60/40) in return for helping you through the parts you're unsure on.

I have an initial goal of attaining $3,000 per month ($36k annually) in income derived from real estate investments in order to supplement my full-time job.To kickstart this post, I thought I'd ask some questions to the community that I've been pondering over the course of my real estate education:First, market timing: I have the sense that the Dallas market has been on the upswing for the past several years, accelerating even more rapidly since the announcement of several major companies (including Toyota) moving to Plano.  

See if they have a buyer for you, and split the profit with them.

The water soaked into the concrete slab the house sat on as well as had major roof leaks (been vacant and decaying since 2013 after all), since the roof needed to be completely repaired (this property was in disarray lol).

Especially the days when you discover that big capex like a roof being blow off (happened 2 years ago), some tweakers climbed up on the roof and gutted the A/C (did two of those in the last 12 months), an evap cooler leaked for so long that the drywall on the ceiling of the kids bedroom caved in (last year), the hot water heater blew a hose and a major leak went unnoticed for 10 hours flooding the hall, kitchen and living room (dealing with that now), the tenant smelled gas outside, the gas company came and shut off the gas because the underground pipe is corroded AND also discovered that the water heater is not venting properly so it got red tagged (just dealt with that last month) or the time the tenant "invited" a homeless guy over, he moved in, then called his other homeless buddy up and he parked his crappy RV with his entire family living in it in the driveway.

I want to own and rent properties in the Philadelphia and suburban area for the majority with a few flips here and there down the road.

Run the numbers to verify this should be a profitable venture8.