I have heard so many stories of people getting burned by these guys in the past  that I am doing whatever it takes to avoid these issues.

Seems like unqualified tenants may increase vacancy, eviction and potential repair costs and in the long run, burn your cash faster.

Atlanta BP community,My dad and I have always wanted to get into the House Flipping business and we finally have some money that's burning a hole in our pockets.

House ParticularsPurchase: $142,000Insurance: $2,034 /yrPrevious Property Tax: $1034/yrHOA: $55/moRent: $1400Down: 20%Funding: personal funds + 20k loan from in-laws helocYear: 1985Floors: 2Br: 3Ba: 2.5Kitchen: Granite countertopsCovered Carport, no garageWood burning fireplaceFoundation: SlabRoof - New in 2015Public Schools: Excellent 9/10 I'm estimating a 5% vacancy (although hope to be lower since the current tenants seem extremely stable), and 8% repairs. 

Holding costs are substantial and they're burning at least $90/day. 

They're big churn & burn operations.

The last thing they will do is burn an investor even if times get tough.How can you find people like that and not someone who is over their head?

That's right about when you're about to get burned, take a huge financial hit and most likely lose the house. 

And sometimes as an agent you get burned.

I am considering purchasing from auction but don't want to get burned by buying a second lien or purchasing a home with future title issues.