I'm planning on getting into a couple flips and BRRR opportunities over the next year and am considering days on market, median sale price, rent potential, and landlord friendliness.

But selling this will really give me the cash that I need for the new property, and potentially reinvest in another, or even settle an existing one - great equity in this property.

If you have the capability to answer calls at any time of the day potentially and do not mind catering to guests, managing cleaners, and contacting contractors, self management is a fine option. 

Considering the high property taxes unfriendly laws towards landlords , inventory, and prices here, I’m pondering out-of-state investments for potentially better cash flow.

Hello Teck,The numbers could potentially work depending largely on your expenses to demolish and construct.

Are you worried about any potential ethics complaints or lawsuits against you as an agent, being involved in this type of transaction? 

Investing out of state can pose challenges such as unfamiliarity with local markets, potential difficulty in property management, and variations in regulations.

It's just that this seemed like potentially a way to have the best of both worlds; i.e., get some experience as landlords while also moving to our preferred environment.I feel like I'm opening myself up to a slew of "you're crazy, pal" responses, but if so, better to find out now than later!

Looking at potential BRRR long-term rentals and STRs in the NW Houston area. 

I'm now looking to expand my portfolio using the BRRRR strategy and would greatly appreciate your insights.I'm particularly interested in learning about effective methods for identifying potential BRRRR deals.