Louis, Richmond, and Louisville are markets with high growth potential, strong demand, and moderate entry costs.

I am calculating 20% from the net profit (we are in CO)... including AFTER holding costs and reimbursing our own $ that we also used to fund the flip.  

Cons are the cost involved in (both time and money) and loosing out on having a professional to guide you through the process. 

Imagine you sold for $10.5M, paid $500k in commissions and closing costs.

The coverage cost has increased dramatically in the past few years.Alabama has the second lowest property taxes in the nation behind Hawaii.

An LLC is not free.

Hey Eric, having two properties free and clear opens the door to many loan options.

It's not ideal working in multiple systems but it's the most cost effective solution we have found.

If anyone could help me get a mortgage or point me in the right direction, I would really appreciate it.Hello Rico,You could try to find homes where the seller is willing to offer seller financing or rent to own terms so you do not require a bank loan.We do a lot of creative financing deals in several different markets.Feel free to reach out with questions. 

My investors have had much safer returns buying "done" versions instead of doing the rehab themselves because of the cost, time, and knowledge.