As long as you take the conservative approach and have plenty of reserves, why not go for it! 

@Ryan HowellI appreciate the invite, most definitely interested.

But there are definitely plenty of houses in Thousand Oaks that can be fixed and flipped for a healthy profit. 

The majority of hard money lenders do appear to lend here in Ohio, so the good news is that you have plenty to choose from however not all are created equal.

Message @Eric Winstanley for the invite.

With 2400sf of space, you've got plenty of room to work with.However...Fortunately, you don't have to guess here: Recent comparable sales will tell you exactly what configurations have sold and for how much.

75 degrees is plenty cool, especially when it is 100 degrees outside.

I am sure there are plenty in the NY metro area. 

You could use it to start doing some BRRRR investing so that your money never runs out and if you do that for 5 years you would have plenty of properties with equity and hopefully enough cash flow to live your dream.

Our payroll is running around $200K a year for 2 FT + 2 PT.INCOME = $465,720EXPENSE = $213,200NET = $252,520 ($21K profit a month)This leaves us plenty of wiggle room to offer resident retention programs, marketing programs, cover out-of-pocket upfront expenses, and maintain a healthy business operation WITHOUT overcharging our clients.Your assumptions:Renovation - 30-50% markup bet I'm close, hopefully not low by a bunch.