There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

This would be a waste of everyone's time and money.

Pricing higher than a bank ( if you can actually get a bank to lend you money in the first place)2.

Aren't they losing money?

We are all about saving money on flips and renovation efforts.  

And she's hardly saving money if she's using an electric space heater as the only source.

It's how quickly you get money moving. 

I've never heard money/profit described as cute, so it's not important.The most important thing you mentioned, was the rent potential and ARV. 

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

Ironically people that tend to be good with reno projects don't tend to be so great with money.