I found a flip property that is in a great location with potential to make a great return.

@Chris Desarro, where it this property located?

I’m also located in Montgomery, Alabama.

i dn't know where you are located but $600K is a lot to pay for 2 units.

I've been very fortunate enough to be able to buy a house as a primary residence every time I move to a new duty location...except for my last duty station.

@Alfred Litton We are thinking about the locations you listed because we love the 'burbs north of Dallas.

Doing a high-quality maintenance job by myself for a fraction of what I know I would have to pay a local tradesman (whom I am also sure would do an inferior job, sometimes an unsound job, as a matter of course to maximize his profit and minimize his time expenditure) also gives me immense satisfaction.Finally, I live in a city where outdated yet sound properties in passable locations can be had for very little money, fixed up for minimal cash outlay (as long as you do it yourself), and rented for competitive rates. 

Profit on a low risk property, 8-12% on a medium risk, and 20% on high risk locations.  

My dad has around 33 units in a certain location here where we live in Ky.

Not a big deal, but those who think the 1031 is some magical way to avoid taxes, that is just not the case.