I simply have not been able to meet up with people yet investing in this area to determine its feasibility based on others experience. 

I'm the Campus Director at a local non-profit and my wife is an Occupational Therapist.  

I worded it that way simply because the agents I know all do south St.

When I find this out I think it indicates a seller needing OUT.So I ask  you, even though there are many of these houses in the higher price ranges, do you think the price of $300 K to about $1,5 mill is to high to make a profit ?  

I find I'm jumping between markets, both out of curiousity and in an attempt to be exposed to the norms of many different areas.I already have four properties in Indianapolis and in the end, might simply opt to stay in that market since I know it at least marginally better than other random markets I'm researching.

In an area with rising values and fast demographic shifts of what the NEW RESIDENTS wish for them self’s but simply doesn’t exist yet in terms of feel and finishes.

Way to much work and problems.Best case scenario :  Find distress house and buy at 55% of fair market value....maybe 20% fix up and carrying costs and hope for 25% profit or less.But avoid junkers, heavy damage, roof problems, furnace problems, etc.  

I’m going to flip houses to supplement my income from being an agent and looking to use 100% of my flip profits to buy rental property.

This doesn't make sense to me because if you overspent on the rehab it doesn't sound like you will have much profit, so a rental might be the best way to salvage the situation.

If I use the contingency I still make a profit and I don't I have a nice bonus in the end. 3.