If you catch these at the end, they can turn a successful flip on their head very quickly.

The strong market demand in the area indicated a high likelihood of a rapid turnaround.

Now it should cost an arm and a leg, but I wouldn't necessarily go for Joe blow, "I'll do it for $200" either, or you'll be getting a call in about four months because all the refrigerant has run out your lines.Is it one outdoor unit and 2-3 heads?

I ran an O&E and I got:- "notice of election and demand for sale by public trustee"  this is for about 350k and I assume is the lender whom he didn't pay- "MERS assignment of deed of trust"  I'm not sure what this is but I think it's related to a quit claim deed where he added his wife to the deed thinking it would shield him from foreclosure.

In a “nutshell”What can work - partnerships where each person brings a different necessary asset (knowledge, experience, time, capital, credit) to the table, the responsibilities, rewards, and expectations are clearly spelled out, legal documents are created to head off disagreements, and the parties are compatible.What doesn’t work - partnerships formed by two or more inexperienced people looking for “comfort” rather than going it alone, and anything other than the above. 

The property’s location in Garland, TX, and the favorable market conditions indicated a strong opportunity for a rapid turnaround.

According to AirDna, Fennville, MI, Grand Rapids, MI, and Wisconsin Dells seem like good choices.

Both.. heading into the twilight ..If I was starting out or mid career then for sure I would be doing what I did 20 years ago :)

I believe the new appraisal guidelines count any livable above ground spaces with less than 7' head height similarly as they do below ground space.

Also, appraisals are valuations at a point in time, and commercial markets can change rapidly.