Has anyone heard of Scott Jelinek and his Slow Flip strategy?

[Paul Merriwether]

[Raylene Ewing]

Quote from @Damian Young:

Okay, so I finished the book. The system is awesome and so is the book. I'll be primarily focusing on the "Slow Flip Method" for a few months to see if the juice is worth the squeeze, but essentially, you look for distressed properties in or below $30k and sell them FSBO to people with bad credit for $80-$90k with $2k-$5k down. Most people never actually buy the home, so they forfeit the down payment and move. Then you FSBO it to someone else. If they do buy within the 5 years, you pay off investor and you take the leftover. If they buy after the 5 years, you take it all! If for some reason, you're inhabitant wants to sell or rent it out for market value at anytime, you all still win!

Investor side:  Pitch it to your private investor as 12% interests on a 5-year private loan from your investor to secure the $30k. You take home all payments and sale money if the home sells after the 5 years are up. 

From what I've seen and the reviews, it's fairly easy to find these deals and works in remote markets, as you're not maintaining the properties. His private group is $3k upfront or $997 for 4 months. I'll keep ya'll posted...

I think you’ve missed the whole point of the process. You DO NOT ever finance the property to a buyer/tenant with the intention or hope that they don’t stay in the property. That’s just wrong. Scott actually teaches his group to encourage buyer/tenants to refi as soon as they are able to. If you got that this is FSBO in any way, you’ve missed something. For sale by owner and seller finance is completely different. 
buyer/tenants don’t always have bad credit. Many of the buyers rehab the property and live there for years. Some of them are construction contractors that have decent credit but can’t take multiple loans on multiple properties and pay tons of fees and closing costs. This method allows them to rehab multiple properties at the same time then the construction contractor sells them at market value to a buyer. Your loan gets paid off at that time. Some use them as rentals.

the biggest reason for doing things this way is a traditional bank won’t loan on  property that won’t appraise at their desired price. Banks also won’t loan less than 50k on a home loan period. Many contractors don’t have the cash laying around to put out upfront so they look for these types of seller finance. Many prospective buyers don’t want to pay large mortgage payments on a home listed at market value and they know enough about home renovations that they can rehab it themselves and have exactly what they want in a home and can have a small payment on it if it is purchased this way. 
I never place a buyer/tenant with the hopes that they move out or default. If that is your intention the slow flip method is not for you. Please don’t be the person who comes into the slow flips group that tries to take advantage of buyer/tenants. 
I would really suggest that you pay for the complete training and learn to do it the right way, for the right reasons- helping people to be able to obtain homeownership and not be house poor. 
if your goal is greed, this course isn’t for you.