Now they’re going for 145/55k as a median price range.

If you select a market with population growth, jobs and wage growth, a balance between supply and demand and a diverse range of employers you will do just fine.

Fill any slower days with substitute teaching to augment income until the pace and scale of flipping picks up-->Please help me to nail down realistic projections (or a realistic range) for:  Net income per flip my first and second years given the above plan  How long each flip will take the first and second years given the above plan  Personal time investment required first year and second year in order to keep flips lined up, one at a time, and holding contractors accountable.

Trying to look for properties in that price range (per unit), that are in B or C quality neighborhoods. 

Not sure where you are in Champions but there are definitely pockets in there where homes are in that range .

I appreciate you taking the time to assist and to provide this list of information to include.Purchase price: 249,900Down payment: 7,500Additional closing costs: 4,887Additional cash for improvements: ~1,000Current market value: 298,000 (this is Zillow estimate, haven't discussed with my realtor yet)Current loan balance: 235,227Current loan interest rate: 5.0%Monthly mortgage payment: 1,574Monthly average total costs (with utilities included as it is a furnished short-term rental): ~1900Monthly average rental income: 2241 (averaged over past six months, has ranged from 1423 to 2646)Monthly long-term rental potential (assuming no utilities or furniture): 1500-1600 (pretty much just the mortgage)

I currently rent a 2bd/bath apt in Bellevue and pay $2100 in rent which I believe can be better spent in paying my own houses mortgage pm but any decent houses run from 1-1.5 mil and most from 1.5-2 mil range.

I used to be able to find deals like that in the Charlotte area for manufactured homes.....no more. 

Now I'm involved with Self Storage and Manufactured Home Communities as well.

There will be a lock period up front where the interest rate won't change, and that can range anywhere from 1 - 10 years.