This investor over-leveraged, relying on appreciation and rent increases that likely never materialized.

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That amount varies from state to state.

Obviously the laws in different places may vary but I suspect that is how it would play out in most places. 

There are markets where the supply of amazing homes replete with every amenity is significant, and if you’re in one of those markets, then you relying on a great view (that most everybody has) is not enough.  

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Never rely on what others have seen.

The skills and strategies remain similar, but you’ll need to familiarize yourself with local markets, regulations, and financing options, which can vary a lot depending on the country.

The information contained in this post is not to be relied upon.

I had to rely on my new real estate agent to find another contractor, adding unnecessary stress to the process.The deal I was presented with had an ARV of $120,000, but after the rehab, the appraisal came in at only $92,000, leaving me short by $28,000.