That's nearly $63,000 profit. . . . that'll get me out of bed in the mornings. 

Maybe I'm wrong, but considering I wouldn't be paying 2 mortgages, water bills, insurance ect. wouldn't it be safe to assume I could purchase a property with a slimmer profit margin?

Depending on the amount of your profit and the size of the down payment you could simply do the 1031 on the cash you received and take the note as boot.In the right circumstances if you've got access to cash doing a 1031 combined with owner financing can be a great way to multiply your cash flow while deferring a lot of tax.

Recommend any other methods of developing cold call lists or other forms of lead generation?

Also remember to count in the builder cost and your profit. 

Don’t get emotionally involved and be willing to live in high ARV potential home so your profits allow you to live wherever you’d like!!

Account Closed I would take that 30K and use a hard money loan to flip a house take the profits and invest in a rental property, what is left over goes back into the "flipping fund".

It’s not always worth the extra profit for the headaches.I think at the end of the day, if you can get about 10% CAP in a B area you are doing well. 

Before you can get there, you need to start generating leads which is where a lot of people start.

Maybe I'm wrong, but considering I wouldn't be paying 2 mortgages, water bills, insurance ect. wouldn't it be safe to assume I could purchase a property with a slimmer profit margin?