To start, research local markets, evaluate properties, and understand financing options.Good luck!

Hi @Rita SamaddarI recommend areas based on three things:Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.

Leveraging Robbie's local market expertise, we quickly evaluated the property's potential.

(From there find an agency that specializes in the type of project you are looking for, set up Zillow alerts and watch- understand the market you are diving into so you can spot a deal, a good agent should do this for you too!)

I used it to purchase an off market deal and am about to refinance to pay it off and pull out equity (550K total). 

My wife and I are interested in expanding to help bump up our cash flow to help at least one of us exit our current W2 jobs but are hesitant to do so given the current market climate. 

Are there strategies for furnishing or marketing it as an MTR/STR that will enhance the chances of it being booked?

In my market, if I do not remove contingencies or change the standard agreement I have 17 days to pull out for whatever reason I desire.  

Leveraging Seth's local market expertise, we quickly evaluated the property's potential.

It’s a part of the state many investors stay away from because they don’t know the market, if you’re from the area and know it well this could be advantage for you!