@Scott Trench Seeing as we are in the "Innovative Strategies" forum, I'd like to point out that not all of us that invest in SFRs fall into the "rent it" or "flip it" categories.

I'm broke I'm on ssi I really want get off and making serious money to support my family and have a better life style...

My dad is a real estate investor and has several apartment complexes and I love his life style.

Also, for it to be a comp, it needs to be a similar property (house style, similar square footage, etc). 

My style of investing is buy with minimum of 25 to 30% equity after rehab with a minimum cash flow of $ 400 per property.

Hello,I wanted to share with the community here my little success story.I work full time for an oil and gas company in Houston, and with things being the way they are, I decided to find alternative ways to compliment my income and replace it when needed.Real Estate was the investment of choice for me, I started reading about the RE business in July 2015 and I then came across BB where I learned a ton of information.Was so motivated and I committed myself to doing my first deal in 2015, I bought the deal in Nov. 2015 the house was in a good school district but on a very busy street which –I think- scared other investors.The house needed new roof, foundation work, new AC and full interior update which is not a typical first deal but the numbers looked good so I decided to jump in.The rehab work took about 3-1/2 months and when it was done I had a full time offer in 2 days, just closed on it on March 13th.Could I make more money?

Feel free to join us this month at Smoking in Style at 6:00.

Our management style is known as friendly, firm and fair.

My 1st move was from an apartment to a home owner was to an affordable house that needed a lot of work, I improved the cosmetic issues but also added value to the home (finished the basement, added a bedroom and a basement) so right off the bat I increased the value of the home and that built instant equity (kind of like a fix and flip, except I didn't flip it instantly I lived in it) Next was to pay off the mortgage, every penny went into the mortgage, you make sacrifices in your life style but at 25 like yourself that wasn't a problem.

I think it depends on which aligns with your goals and your style of investing.