A full title search as done for title insurance would give that full picture.If the title company will not issue title insurance on the property, that would be an indication that there is a flaw or cloud on the title. 

But even then, especially considering the fact that you are paying more interest than principal for the first several years, it seems like it would be a long time before the equity on those four properties would amount to something that you could refinance and pour into more or bigger purchases.According to the math in this super simple (and probably flawed) example, the investor would be earning around $7200 in cash flow a year (before tax), and building equity in his properties.

All IMO,Flaw #1.Investing all in Real EstateFlaw #2 Getting as leverages as he can for the sake of more more more,Some people like to sleep at night knowing the investment is safe.

And do you think there are some flaws in this I may not be aware of?

The idea around cost basis resetting is a little flawed.

To be fair, they are not without flaws, but when they make a mistake or have delayed funding, their customer service has been quick to fix the problem. 

Strangely, for all her flaws, Oklahoma tends to be ahead of the curve for online property records, your county may have this info readily available online.

This will probably be a long and messy process but if you don't take any action or fight for fairness in the legal system you will be allowing any tenant who desires to take advantage of the flawed landlord tenant legal system in Florida when they desire.To hit on the main points of which need immediate attention are.Florida Statute"222.11?

The strategy of what’s called “Poor Mouthing the Offer,” where buyers try to act as if they can barely afford their offer in effort to get a lower price is a Flawed Strategy for this market!

The ARM idea is flawed in my opinion.