Over the past six months I have been listening to the Bigger Pockets Podcasts and reading a couple of the books that guests recommend (Rich Dad Poor Dad, The Miracle Morning).

I have been looking at a couple properties that have a billboard lease on them currently with an advertising company.

Cash flow positive is still great no matter what way you look at it and if you don't have a specific reason other than the cash flow thing for wanting to sell ex. say no longer an area you want to own the investment in or in the next couple years you could see no longer being cash flow positive because of HOA fees/Taxes etc I would hold onto it personally as a positive asset.

maybe join the Texas Apartment Association for a couple hundred bucks which allows you to use their lease. it's pretty comprehensive.

So all it took for me to become ethical was a couple grand in loan fees?

I have not read that article yet but I do have a couple of things to say to you on your question and ability to make us speak out on something we are interested in. 

There are a couple more for sell in our neighborhood that are less than $200k with lots of potential.

Personally, I've done one flip in the past couple years which was a quick one in Lawrenceville GA and currently rent 3 doors.

I got a couple of listings coming up.  

I appreciate the insights, sorry it took a couple of days to reply. 1st, I was planning on wholesaling the property, so I knew my ARV was solid at 200-210+ (depending on finishes and market trends during rehab), and I had an experienced flipper/contractor ballpark me 150k to rehab the property, 100-110 if he was to do it himself.