His first purchase was a SFH and he feels good that he broke even selling it after an unexpected move out. 

You do not want to own property (or earn income) under the jurisdiction of a desperate & broke government unless there is a risk/return ratio that takes such an environment into consideration.

I also enjoyed the Flipping Junkie episode where Melissa broke down where their leads were coming from and all the numbers, that was great.

The only reason my realtor wasn't involved, the potential renters drove by the address and called his number from the for sale sign.The obvious first thing to do is get his lock box off (I have seen a flip where they broke the lock box for a rental scam).

When you submit a short sale package, you would have submitted an estimated settlement statement that broke down the closing costs, fees, and payoffs to the lenders.

There is hardship, pay day next week, reduced working hours, some one is sick, car broke down.

It is 6 months now and I get many escuses (Contractor from Insurance does not do the job, Contractor went broke, Seller is meeting with attorney General...)Is this a common situation ?

We simply can't buy and occupy every property that comes along,  especially when we're broke.

Scary as hell because I also work full time.It was overwhelming at first but I broke it down day by day and start building my procedures and questions to ask.

Hey Guys & Girls.