Just this week I had a client convert a flip into a rental after it sat on the Oakland market for over a month at a price that would have yielded fairly low profit, and this is someone with a track record of successful flips in years past.So I guess this is neutral-to-good news if you're doing buy-and-hold and finding a way not to compete with the owner occupants bidding based on emotional appeal inspired by a reality TV show, but bad news if you're trying to be the next HGTV rockstar flipper paying MLS prices. 

Some people are out there that genuinely want to help, and others that don't understand where you are coming from and just add stress.

Thank you for sharing your success, you're inspiring people along the way! 

It's always an inspiration to read other's stories.

@Jason L.I found your post to be respectful...and your concern genuine. 

Inspiring to see outside of the box thinking for real estate investing.

@Ira Jeter I actually like that deal if the seller is genuinely going to be out of the property, and if you can actually gross cash flow 400$/month.

Not just because you can get into trouble with the SEC (if you're selling a security), but because it comes across as sleazy and needy if you're cold-calling investors.Lead by example and invest your own money, tell people what you're doing, be genuinely helpful and expect nothing in return.

Man this is awesome and inspiring, currently searching for my first deal to Brrrr.

The outcome was a positive cash gain, longterm connections/friendships, and inspiration to move the next deal.