@Carson Leonard next level thinking.

@Joe Norman so I'm guessing it would be fair to say that, aside from not knowing actual rehab costs or ARV at the outset, it's really up to me going in to decide my own comfort level with leaving money in a project like this.

ya I always wonder what the big attraction for those that live in income tax ( state) see in Texas where there is no income tax at the state level.. and pay those kind of property tax's then pay state income tax on top of it.. 

I've had surface level intro into Real Estate, both through research and through real life experience.

I have never added insulation on my personal residences or flips, beyond my gut level renovations.  

Atlanta's job market has lots of levels in pay and employment rates are lowest in years. 

Hey Hamid, Being an agent in South Florida I think it really depends on the use of the property currently, what level of work you want to do to the property, and whether you care more about a %return or total return. 

I invest in Alberta and it looks like the maximum affordability level would be extremely easy to meet and give enough points for 5% down 50 years amortization and limited recourse. https://www.cmhc-schl.gc.ca/...

It would bode well for you to dig deeply into this before putting any real wheels in motion, as you'll be dealing with OPM and have a high level of responsibility and (therefore) risk.The book by Matt and Liz Faircloth on Raising Private Capital would be a prudent read. 

The homes here are very affordable too, which makes it a nice entry-level market.