I know two other investors with same problems. 

Here's her most recent thought on the matter if it helps: "Lack of inspection during building by project managers [is the problem].

I found some articles and old forum posts on BP last night that discussed problems with financing and insurance for this arrangement. 

No problem, you'll really want to know since I ran into a couple of big ones.   

Sellers rarely mind the low deposit and extended closing period due to the nature of the property, or at least they can be made aware of the fact that their lot has issues that will take MY time and MY money to solve and then they come around.My terms on the flip are: Minimum 10K spread between purchase and flip value.  1-2K deposit upfront to hold the property for 7 days then the deposit becomes non-refundable after the 7th day and the buyer has the same amount of time that I originally negotiated with seller typically 8-12 months(its a purchase contract but because of contingencies its essentially an option).  

Have a problem in the forums?

Talk to the exterminator and let them know there is a problem. 

All focus is. on me and none is on the company that can solve this issue for you with is D32.D32 - Werner Macedo and Doni Marangon are the people that can answer for D32 actions. 

They do not appreciate like actual real estate and your caliber of tenant can be lower which can bring with it its own problems. 

@Drew Sygit wow I was considering the 30 to 40k price range but I'm seeing there may be multiple problems to be weary of from Leins to gas and water lines.