I have been working with investors over the last 3 years helping them find good deals on land in desirable locations and then building a new house on it to resell.

Check out Camelback House condos in Scottsdale. 

I am about to flip my first house and I'm already learning a lot.

The first buyer is going to build a house.

My partner would not be living in the house.

Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER. 

Most rust belt cities are similar, older housing stock, lower prices, higher risk.  

Buy a house hack in OC with 1-5% down.

Purchase price: $1,355,000 Cash invested: $135,500 Bridge House STR What made you interested in investing in this type of deal?

We were able to quickly sell this spec house on the MLS at full asking price.