I could use a little help and motivation with keeping on track as well since this is a side venture and is not replacing my main source of income at the moment. :)If you are interested, PM me and I'll share my contact info. 

We had an ARV in mind for the property of $215K-$225K, with a renovation budget of $40K-$50K.

@Ann Bellamy If you do not mind, could you please go into detail of what macroeconomical trends you follow/analyze/shift through when determining where we're at in a cycle?

My current mentor has been great and I have learned a lot in the 6 or so months I've been with him, but as you said, there's always room to learn from those that align with specific interests and I will be keeping that top of mind through the end of this year.

@Joe VentrescoIf she pays on time and doesn’t cause any headaches .. mind your own businessSorry to be blunt

I would suggest using "Angies List" if you do not have any good contractors in mind.

Notice I have never tried to correct you on our inherent problem. yup one of my homes that's was the case poorly built.. and in Texas were no licenses were or are required.. this happens.. and guess what those are usually the distressed homes.. this market for fix and flip in my mind is for the local pro's I got my butt kicked and will never go back.. and then when your fooling with these homes.. the tax's pile up on you.. and then of course when your just about done you get hammered by a hail storm and have to go through roof replacement..  

What options have come to our mind are:Facebook adsBandit Signs (tried it before not much success)Direct MailBesides these options what other ones can you think of and which option do you recommend primarily?

Unrelated but, I am never pruning for that neighbor again because she did not thank me when she next saw me...even though I explained it was not my responsibility but that I didn’t mind doing it.

Keep in mind, taxes increase with the new ownership and then they change (normally go up) annually.