Periodically, the tax assessor office will determine what a property could realistically sell for, known as the fair market value.

I live very minimally at home currently, still with my parents, so I would only be spending about $350 a month total, including the loan (assuming I can get it for the time period I calculated, which is 3 years), so I would still be able to put aside about $11,000 for school, a car, and the downpayment for my first deal. 

My stock market investing when working was to accumulate a $100k (back when that was a respectable amount) over a 10 year period only to see a 40% drop.

Period end of story.

It has gotten us involved in the city's government and has directly resulted in us quickly growing our network within New Orleans in a relatively short period of time.

It kind of triples your likelihood for a deal to fail.The truth is that, for most of us, a successful flip or BRRRR without the tailwind of appreciation during the renovation period is really hard.

Their  rate changes periodically and as interest rates rise so does the imputed interest rate. 

Over a longer hold period, your return on equity will eventually drop.

For example, if the seller initially agreed to pay 2.5% agent commision and the buyer now wants some repair credit during attorney review period.

Seasoning is just an industry term for waiting period to use the improved value to pull out cash.