They forget that taking risks and being creative doesn’t always mean spending more money, time, and effort.

Can someone explain exactly what that means so i can better assist him in finding what he wants?

@Shane Brown I'm pretty sure that place has been on the market longer than that, I think it was for sale when I was looking around last fall, they probably re-listed it - 90k isn't an unreasonble price, that means you have to offer less than 90k and have room to move up.At least go look at it, look at neighboring properties, look at how the tenants live, verify heat type like Amy said, just completely avoid if it's electric heat (it looks like it's Rinnais though) unless you want to spend a few thousand on gas installs.

What do you mean going there to do it yourself?

Please for anyone out there who has the experience and expertise to give me an idea or direction to go with my current situation.

If you have a nice team, maybe your management company won't destroy your cash flow with a million needless expenses that you have no way to verify to see whether they are actually necessary.Just a heads up from personal experience in living in the Akron "war zone," I would never invest out of state in Akron without local assistance.

I'n not sure what you mean by calculating "APR, interests, etc." - Your interest rate on financing will be determined by your credit and income, and will usually be more or less "assigned" to you  by your lender.

This means we need to put in money and therefore would have negative cash flow for a period of time. 

I'm willing to be patient so if that means owner occupying through a FHA or FHA 203k then flipping I'm fine with that.

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).