Flipping in Current Market & HUDs - Last questions for t

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OK, here's the last questions for today atleast....

So, back a year or 2 ago, flipping almost was a slam dunk i assume due to a risking market...Now the market is flat to declining....How are people faring with flipping now? What are you doing differently? Is it 'simply' a matter of reducing even more the max % of FMV you will pay for a property and then when re-selling, price the property below those in the area to help get a quick sale?

Lastly - HUD properties that the government is trying to sell - I have yet to read a lot, so i will try to find some good posts on them here...But in short, do people find them a good deal either for rentals or flips (if indeed u can flip them)?

thanks alot.
Brett