The best system to prevent this would be to throw every non paying tenant into debtors prison. 

It's to easy to verbally just throw out numbers with no time or energy into the deal.

.- I may be too practical to let myself purchase a mediocre deal and I am not interested at all in a bad deal.I realize this is an emotional and impulsive desire to have something flashy instead of another safer, practical rental, but I want to hear from you guys: Is it possible to find a cheap beachfront studio and make enough cash to consider it an investment, or would I just be throwing money away for a slightly brag-worthy deed?

I have been looking and researching hard money lenders just to find out there is a lot of lender who keep wanting to throw money my way (this makes me happy, I think)  I am not sure what is a good deal in hard money lending. 

Yes, it's also quite likely the internet lender is just throwing spaghetti at the wall to see what sticks.

@Dave Foster or others too, Back to the question of the 'partnership' part of things.....I think this is not allowed, but thought I would check before I throw the idea out the window ;-)Seller A wants to get rid of one of his individually held rentals so he can start to slow down.

Adjustments are dollar amounts assigned to features --  for example, if similar properties have parking spaces or garages, and yours does not, could throw your ARV off by thousands of dollars.I wrote a Biggerpockets blog post on how to analyze comps and calculate ARV here if you'd like to check it out: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueHappy investing and feel free to reach out if I can help in any way.

If you want to get a rough ballpark throw $50 to $75 a square foot at and then add 25% for contingency. 

Throwing out offers left and right may be less effective than a few well monitored markets and targeted offers.

@Alexander Schwartz would love to hear more about your story and wanted to throw another local event at you that I hope you can make....St.