What are going to do with it (flip, hold, wholesale...)? 

Then you have to add a buffer of holding costs in case it takes a number of months to get them out of there.  

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

Hi, My name is Jim, and I am a new BP member, looking to invest in SF or MF properties - either flips or buy/hold - in South Florida.  

Although I had originally purchased as a buy and hold, I made a few repairs and got a call from a local investor interested in making a deal.

Also my strategy is to buy and hold so while the balloon note works for many investors, it doesn't work for my strategy.

A mentor of mine by the name of Nick Ruiz had a podcast on BiggerPockets and through that, I was able to find this wonderful site chock full of RE info and those that are involved in RE.My immediate goal is to get started in Real Estate wholesaling (the right way lol) and eventually move into rehabs/fix and flips and eventually buy and holds.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

I am in the process of closing on my first buy and hold.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'