They then missed out on several more years of growth because they got out of the game and waited on the sidelines for things to look better. 2010 to 2012 was the period that cash investors were the players or those with IRA keep in mind investor loans were still basically non existent in those years for all those expect very well to do Investors beginners were not getting investor loans. 

Since you can't control the sale price, you basically have a $4k cushion to your reno costs, or otherwise you lose money compared to the as-is scenario.

I pay professionals for help and can do basic tasks on my own without free labor. 

Basically you find a good deal crunch numbers with his easy to use software submit deal to Jerry Norton and if it meets his criteria when he closes on the purchase he sends you a finders fee of $10k sounds easy enough. $1000 deposit required that is refunded on your first successful deal.

That's why it is important for you to know the basics of lending and do not solely rely on what your Loan Officer is telling you.

Any underwriting is basically as good as your assumptions.

But, basically it's experience that wins the day.

Basically, I would chalk you up to being a scammer before I entertained you seriously.

My account manager has basically gone silent.

Lenders will not send out an LE without a complete application (which includes a property address) because it's basically binding.