@Tristan Colborg I like your methodology, I would have done the same or similar.

We partner and use syndication methodologies for funding.

If you did buy WestChase, to me that is not the end of the World there are other areas I would prefer less, I grew up in 32210 so I am better with that area than ancient Architecture in urban core Zip codes. 

Obviously, I’m right and their wrong (LOL).The two books that are an exception, are ancient.

But your methodology is precisely what hundreds and thousands of other flippers do every day scouring the MLS.

I remember the devastating floods in Queensland Australia when the powers that be allowed building permits for homes on 'ancient' flood plains because they were of the opinion that Global Warming would prevent future flooding.KARMA's a b.tch !!

Purchase price: $112,000 Cash invested: $7,000 Sale price: $150,000 The education I've gained from my first house:-House hack (several roommates)-Live-in-flip (floors, carpet, kitchen, yard, bathroom, paint, demo, mechanicals)-Refinance (75% of a greatly appreciated property through both forced and community appreciation)-Property Management (Practiced methodologies learned through the podcasts and books to find and place tenant)-Rental (Used BP forms - Application, Lease, Amendment, and Move-in Checklist; used BP calculator to figure my numbers) What made you interested in investing in this type of deal?

Regarding valuation, we do stipulate buy-in's and buy-outs have to be at market value and have used the same professional appraiser several times already since the lease was signed and it is within our bylaws to use him or someone who uses similar methodology.  

After a few, I'll shift my methodology a bit.

Ancient history.