We understand that there are numerous qualitative considerations, but I'd be interested in what people have to share on how you decide - whether to flip , and sell - or whether to rent.  

However, based on strictly numerical data to consider when looking at broad generalities of East Vs.

@Eliannah LinehanBe careful how you are calculating CoC.Cash Flow/Cash Invested.In your unlevered example, your CoC return in Y1 is 15.38%, not 23%:$22K Cash Flow (or NOI in this case since there is no Debt Service) divided by $143K Cash Invested.If you put a loan on the property, you would subtract the Debt Service from the numerator since Cash Flow will no longer equal NOI, and you can subtract the loan proceeds (after closing costs) from the denominator since you will no longer have that cash tied up in the investment.A couple other things I'm noticing:1) You may want to factor in a CapEx/Replacement Reserves allocation to more accurately project your returns.

Due to numerous restrictions put in place after 2008, the double close is now extremely difficult to pull off.  

Plus I see numerous storage unit facilities so people can store all of their have to have items that won't fit in their homes.

Attend real estate meetups, join local Facebook groups, and participate in online forums like BiggerPockets.Marketing: Utilize direct mail, bandit signs, online advertising, and social media to find distressed properties or motivated sellers.Education: Continue educating yourself through books, podcasts, webinars, and courses about wholesaling and real estate investing.Persistence: It often takes time and numerous attempts before landing your first deal, so persistence is key.Estimating Rehab Costs:Learn the Basics: Understand the common elements of a rehab, including structural, mechanical, cosmetic, and landscaping work.

We are getting numerous buyers moving from inner city Portland to our Canby development.  

It has numerous tabs that are all interconnected and self populate based on the variable cells.

If this isn't a perfect brrrr I don't know what is, and this can be done numerous times right here in Detroit. 

@David Song  @Mary Griffin  @Joey Mcnaughton  @Shane Austrie @Tonya KellyWith all due respect to posters that came on here from other markets, let me say this.