How extensive are your flips?

You've added tremendous value to this topic on BP and I am in the middle of trying to perform this process on a property. 

I don't remember exactly what it was now but like @Don Konipol they are looking at it like a business and if the property doesn't perform as a "healthy business" then they are out on refinancing.

Operating procedures- if not documented and performed, none of the above matter. 

The only permissible scenario is account holders can perform maintenance work that does not increase the property's value.

Properties with a purchase price under $500,000 may not see as significant benefits, but we have performed studies on properties with a purchase price as low as $150,000, so it’s really a case by case basis.Properties in which you intend to hold it for a short period of time:If you plan to hold the properties for less than 5 years, you may want to consider depreciation recapture.

He has about 15 years of extensive experience in those fields and has been highly successful in each of them. 

Memphis is actually one of the places I ended up buying into so I'm hoping it performs the way you're describing!

My question is, how do you guys typically evaluate real estate agent performance?

If an agent performs work for a consumer before having an agreement in place, then they are in violation of the Sitzer/NAR settlement.