Great plan, learn as much as you can about how to make cash flow. Pick the best of the worst toward that aim. Try to look for things other people might miss that you can bring out.It is a lot easier if you can keep labor down or take it on as second job and do it yourself.
The main thing is do the first ones right, not how big the deals are.Lower end neighborhoods are showing potential first. There is always going to risk so don’t walk into a knock-out punch.
I don’t know if it will happen this time but for a while in the nineties it was pretty easy.People could pay a crew to do the re-habs and make it work.That is as far back as my reference goes. Right now it is borderline doable, not low hanging fruit everywhere.I think we will get there.
One concern I have is that the county population has gotten a lot larger compared to housing growth in the neighborhoods that most suit me and people I would work with. There may be a lot more competition from that population. On the other hand, there may be a bigger stream of distressed houses in these areas.