Also I don't think I would qualify for a loan that high and even if I did I would be burdened with crazy high monthly mortgage payment even with a tenant paying rent.

I am a 27 year old, born and raised in the metro Detroit area of Michigan, a former collegiate gymnast at EMU and Pitt, a current Manager of a CS team at a highly functional Sports Tech company, AND (most importantly) I am officially a new homeowner as of today!

I too echo the sentiment about the high turnover rate.

I suppose you might have a better chance in picking areas of a state with high winds. 

Hi Daniel,Flipping in rural environments with limited comps is a risky move, so personally I wouldn't do it as the risk is too high.

I highly stress education. 

The homes are brand new, good quality, listing around $120,000. 

If you do not show income, or have a high amount of debt, you may need to consider DSCR financing. 

Because Texas is a landlord friendly state and I have processes in place to ensure I get quality tenants that pay their rents.

I wonder if these are like pay day loans super high interest.. does anyone know what the interest rate is.. that could be the play.. be the lender on these deals :)