I know a few hard money lenders who are still doing what I call "pure equity" lending.

From a pure "what you want to do with your RE career" point of view: If what you truly want to do is flip, then sell the place and start flipping.

(ZERO sales pitch; pure training.)  

If it is only for 1-3 years then everything else is pure profit with minimal ongoing maintenance then sure. 

After reading the UBG I instantly felt ready to dive into specifics and that my goals of becoming a successful investor were not only possible, but very much so achievable when you combine pure hard work, a desire to continually learn, and the ability to save some cash!

I like it because I have no mortgages, no maintenance issues, and straight, pure cash flow.

Looking over my latest statement though, they have done things that I consider to be unethical purely with the goal to inflate their revenue at client expense.

You want to be better than them, but not so much better that people start wondering what the catch is.Edit: also consider what's underneath it, you may want carpet purely to reduce noise below.

Out of pure curiosity, since I've not heard of aluminum wiring or the associated risks, how does the insurance company know you have aluminum wiring?

A rough estimate ARV would be $1.2m-$1.5m (neighboring comps around $1.5m-1.8m) after maybe $100k rehab (pure speculation from outside condition).