For flipping you have to be in a viable market that produces such opportunity. 

After coming from the Birmingham, AL market, I've learned that I really like to have a tight network of local investors who help shape how we're looking at properties. 

My top reasons are:- Current income- Hope of price appreciation- Vacation home to go to- Store of value/hedge against inflationOne other reason for me that I am not sure is captured in the original list is that STRs is what my market gave me.

I've moved up to Tahoe and now in the Reno Tahoe, Nevada market.

high rise condos appeal to a very limited market of buyers.

Are they any out there that are just as trustworthy as a local bank?

I'm a new investor in Seattle and have been analyzing flips, short-term, and long-term rentals using Dealcheck and some proformas that local agents and investors have sent me.

To be fair, in addition to buying all those houses over the last 3 years I also dealt with an eviction, $47.4K in capital expenses, insurance claims, building teams in my local markets, and all the other nonsense involved in this lovely industry.Anyway, I finally got around to putting together a complete general ledger and had the horrible realization that over the last two years (bank and credit card record limitation make it harder to go back farther)…….. between 2022 and 2023 I have been $17.5K cash flow negative on $171K expected rent !!!!!

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Wow! Looks like there is a lot more movement this month in Dallas-Fort Worth!