Midland’s monthly inventory was 3.7 months, .compared to 3.2 months last year.

As I look at my activity on the private money funding side.. other than well established turn key companies that I help on the inventory side... my go to teams that are very profitable have one thing in common.. they are Real Estate brokers and agents ...

Maybe I disclose a range: "Purchase price $30,000.

I think I also fell prey to the latter on another property because I offered $315 for a property with an asking price of $335k where the CMA pointed to a range of $275k-$330k and the rental analysis held me at $315k max (with 5% for vacancy, 5% for repairs, 3% for CAPEX and a 7% for management- it had a 9 yr old roof and all new AC and appliances so I reduced the CapEx). 

That's a big range. 

If you are in the flipping game then I would strongly consider lightening up on exposure and inventory. 

It's been on and off the market since 2012 ranging from $199k down to $150k now (they've just dropped it this week).I did call the family after reading your advice, @Jason Hirko . 

I have seen some sell in the $45-$60k range that have ARV in the $85k range.  

Not saying it will happen in the future but if population continues as it has been demand will continue to be strong while inventory low causing values to increase.

Annette, respectfully, I don't think this is a great idea.First, it's very hard to find a rental in Fort Worth in the $50,000 range.