Since you're focusing on Worcester, try pulling up some local property listings and practice running the numbers on them.

But I suspect you will find what most do that its darn tough to next to impossible to pull off. 

By "positioned" I mean - ready to pull the trigger when the right deal comes along.  

Me personally as someone who went through the crash in 08 I like free and clear doesn’t mean I don’t have any bank financed mortgages but those properties I have pulled all my cash back out of those properties.

I've been using PropStream to pull comps, but lately, I’ve noticed the data feels a bit outdated.

The reason people seek for distress properties, so that they can acquire the property at a low price and renovate the house aka "value add" so that they can increase the property's value and create sweat equity, then pulling the money out or cash out we call out so that investors can liquidate their money and reinvest on the next project @Albert Bui @Carlos Valencia

In which case, if he sets up the state LLC correctly, and depending on what documents are available for public viewing, he would be able to pull it off no? 

If done right, you can pull out the money that you've initially invested.

residential real estate is depreciated over 27.5 years, but since you took the bonus depreciation, you pulled a lot of it into the first year.2.

I've researched that some individuals will build, put the build in a 30-year mortgage with a bank, pull out the equity and repeat the process in another build.