Lots of great points, but I'd like to say one thing about the "they were built better back then" philosophy.. 

But a lot depends on you knowing your investment philosophy.

It sounds like you are well on your way.Are you dedicated to the flipper philosophy or have you looked into wholesaling or buy-n-hold?

In my discussions on this topic, I never mentioned one political party or another, nor a specific political philosophy such as liberal, conservative, libertarian, etc.

I'm guessing that he will simply pay me off and then put it back on the market in 24 months, because I really doubt that his "philosophy" will change during that time...I fully understand that my mortgage company "could" call my loan when they are notified of the sale during title.

With only $60 at stake and 1-3 hours of your time, might as well jump and see how it goes is my philosophy.

Find an attorney and an accountant you trust- see if their philosophies align and set things up the way that they advise.

I've never invested with his team, but he has the right philosophy and seems like a decent organization.

I have heard that they have pegged a number and I cant remember if it is 650 or 680 but if the tenants credit score is above it, approved, below, not approved, that simple, so they must have some basis behind their philosophy.

This is glossed over in the game and it is quite clear the the "Rents - PITI = Cash Flow" philosophy is implicit to the deals pulled.