If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

I think you have a good plan, BRRRR is still a great route in the current market, and especially for the states you are already in - both Indiana and Georgia are very well positioned for BRRRR deals in my view / experience

This was another great tenant.Regarding Zillow applications, I differ with Kevin's experience. 

What is the experience with this program - Pro/Cons, watch outs, etc?. 

From leaving my home friends and family I met some really good people and I hoped to share that experience and learn more about realestate in the process How did you find this deal and how did you negotiate it?

Does any one have experience with it?

Your experience is not normal for Memphis and not normal for this zip code.The 38109 property is likely an absolute no-go for out-of-state investors. 

I'm an investor and a licensed mortgage broker so I'd be happy to talk through my experience as both.

I haven't ever found an easy money scheme and in my experience when everyone and their uncle starts jumping on the bandwagon it might be time to take a step back and wait for the correction.  

My experience has been that most lenders don’t immediately move on this, many don’t take action for 6 - 12 months.