In the low income spectrum you will find the troublemakers but also lots of hard-working ppl who will be long-term tenants because unlike A and B renters who leave to buy their own home, they stay for life.The difficulty is when you buy.

Most homes that can charge 1200+ costs about $215kBut on the other end of the spectrum, homes that are more on the cheap side (50k, 60k, etc) only call for about $550/650/mo. and more repairs, etc.

It makes sense that your looking for extra cash to pay off debt, I'm on the other end of the spectrum looking to Buy & Hold real estate for cash flow.

This house is in very good condition, but is not updated, so i would think I fall around the lower end of the spectrum.

Everyone has their own strategy - there's a whole spectrum with some people weighing more cash flow and some people weighing more appreciation.

Then you can dial in with more specific comparable units and properties to find out where you fall on the spectrum - but you have the added benefit of knowing what the high end of the valuation could be after you put in the time/work.

Flipping is on the riskier end of the real estate spectrum.

Now, they(Brokerages in general) might go into these things more for their salespersons later but in the context of educating and licensing, they show no concern for others things outside of their narrow spectrum.

Because slim margins exist all across the spectrum, the fix/flip, wholesale model must await brighter (or is that blighted) days to flourish. 

They don't necessarily need to do a credit pull to give you an idea on where you land on the spectrum.