Next BIG item, where is the video walk through????? 

One suggestion, go to your states housing page and find the inspection sheet they use and keep a copy of it when you walk your home.

/Have you been inside the property and walked it to do a full estimate of costs?

Assuming the ARV you mentioned is accurate, at 75% LTV you'd be able to pull enough equity to cover your existing payoff, refi costs and walk away with a good chunk of cash in your pocket.

Most people would walk away after something like that, but he used the experience to build his expertise and now owns 50+ units.

Realtors have likely walked through and done a broker walk through.

We will see more investors walk away because the properties aren't performing well, but other investors will pick them up and the quantity will remain high.Rates are anyone's guess.

I've walked their properties in-person, and their build quality is good.

We have put together forms that allow us to scope out properties on a walk thru and be pretty close to the final cost. 

walk away