I do not wish to divulge that here simply because I don't want the thieves to know how I play my hand. 

These will be LTRs and I will most definitely be playing the long game with these.In addition, as rates go down in the future (hopefully) I plan to refinance as most of us do.

One thing to remember is the flipper will have $30k- $40k in financing during flip and closing costs to buy the home then another $25k when they selll so that will play into the numbers that need to be considered. 

Is this ultimately a land play? 

The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.

I understand that starting condition and location will play a factor here, but just wondering what your experience has been.

I can't recall one ever sticking around to play it out.

I sell insurance and prepare income tax returns but I am not an attorney and don't play one on television or radio.The Illinois Legislature has a law either pending or just passed that will GUT LLC protection.

Figure out how you want to handle you investing and what role real estate plays in that. 

If your new servicer wants to play games, file a complaint with the CFPB and dispute with the credit bureaus.