I know conventional lending could become an issue depending on the condition of the property.

@Cory Prior I would say it depends on what you want to learn.

I see that real estate agents and brokers are too negative on sub to deals……investors looking for low interest rates and or low down payments are too positive on the same.As I stated the reality is somewhere in between, depending on individual circumstances.  

I believe it depends on the lenders funding source.  

@Mohamad Guene Regarding your question, it really depends on the investor.

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

The precise property forecast can vary depending on a lot of factors but the general demand is really what you should use the tool for to make your plans. 

The members here on BP that talk about STR auto-run systems didn't install those systems and find dependable cleaners & handymen overnight.

However, this rule is more property- or activity-specific and can be easier to meet than the 750-hour rule, depending on your portfolio size and involvement level.

Their success depends on how much initial action they take to build their portfolio.