Hello Ted, I mean low prices and in an area where flipping is possible along with expected appreciation

KISS Your scenario is way to complicated.

The realtor keeps mentioning how the current rents are too low and it "could" get $800/month (he thinks).2. 

You spend just as much time on these low end as high end with greater cash flow. 

Most builders have their pet agent who is constantly sourcing and here is how it goes.the agent will find the dirt charge NO fee to the seller thereby getting seller top dollar compared to some wholesaler low balling them.. and then the agent gets the list back on a brand new home.. 

My properties are B class.If yours is an A class property you should not be using a minimum score requirement as low as 600.

Your cash flow looks good, but the cap ex and repair costs seem low for such an expensive property. 

The one thing they did communicate with me was to be careful making extremely low offers since I would be considered a professional and it could negatively impact my business, which made sense.

Where there is a high demand and a low supply, there is an opportunity!

The offer was low enough I couldn't really loose.