Pure craziness!  

I dont expect bay area appreciation, this is purely for cash flow.

I'm with Jesse--the problem with the 2% rule is it ignores anything but pure return. 

I'll preface this by saying I've yet to flip a property so this is purely my opinion and not based on experience.

You can make condos or townhouses work (although they involve a set of other issues), but detached SFR in South Florida is pretty much a pure appreciation play at this point.  

It's pure stupidity to listen to the gurus on this point.  

From a pure investor stand point sell.

This is purely curiosity and have no desire to wholesale a property but this just doesn't make sense to me.

Bullying tactics pure and simple.They are doing their best to restrict the movements of everyone's money so it doesn't surprise me that your bank is asking this.IMHO knowing what I'm like, I'd tell them in no uncertain terms, it's none of their business.It's an outrage really, but someone who maybe a little more adroit would offer an answer of, well it's for personal reasons.

I didn't mean to imply a "pure" flipper could.