But for the number of homes that did get flooded, there were several that didn't - up to you to decide if the glass is half empty or half full.There are ways to mitigate your financial risk - look for properties outside flood zones (keep in mind that Harvey saw flooding in areas that were considered not to be flood zones but I'd argue that these maps become more accurate the more data we get).

Data rabbu is another good site to get projected monthly revenue. 

You'll want to have the confidence of data to back up your decision when the going gets tough.

And let’s presume the location is ‘mid-tier’ and we can achieve a monthly rent of $1,500.

But that is soon, and I'm driven by integrity and ethics, so the seller feels great, and the buyer does too, and I get fees...until I finish fixing my credit and can plunk down my own money.For the case of the flipper going right to the seller its a legit hang-up in a vacuum...but it seems to me that IF I determined for example that a $70k purchase and $40k repairs would result in a $180k value, and I can present that data to an interested flipper, they could go straight to the seller and cut me out.

And I am always refining it, a continuous work in action striving to achieve the mirage on the horizon called "perfection". 10% for PM is a nuts figure, FYI.

At this point, I don't know if I should continue looking or go for a conventional loan and buy a cheap SFH live there for a year, move out and rent it, but that would mean that I have to pay the mortgage for a whole year and that would prevent me from saving as much as possible for the next investment.Basically, my plan is to create a new source of additional income and I believe real estate is a good way to achieve that.

And all of this data is readily available from your local MLS, the US Census, and the Federal Housing Finance Agency (www.fhfa.gov.).Good luck!

Long-term leases are the foundation of why our clients are achieving consistent passive income.

If you want to look at an ARV from a future potential investment value from you renting it out, then you would need to find rental comps as well as investment sales comps to go with that rent to project a value off of NOI.It's going to be hard to pull comps without some sort of data source like Costar or Crexi or Real Capital Analytics.