I tested it against the BP calculator and I get the same numbers.

Real data can often times prove lower risk meaning lower premium.

You can do a test that doesn't lie.

So how does one go about finding comps without the latest data?

Tenant moved into a home that was built before 1978 in CA, then requested that I get it tested for lead.

Last I checked, they still had an income and net worth test, but even lower middle class people could qualify.That being said and to Chris's point, regulatory filings and operating costs on such a venture can add up. 

I keep reading of the benefits but as I read about the test I was taken back.

You can expect capital appreciation, prior sponsor data is encouraging to indicate total IRR over 10% (but no guarantee).

Still planning to pick up my next investment property a little later this year after I build up some more funds.If you're in the position to buy right now I don't see why not, might want to take a look at some historical data for the market you're targeting to see how the values held up during previous recessions.As other have mentioned San Antonio is a pretty stable bet.

Im currently in data gathering stage like what markets best fit my criteria and making good connections to be able to do a few flips within the next year.