I deal in commercial real estate and I am honest and tell buyers right away if they are trying some kind of hair brained idea with a low chance of success.

Having a non cash flowing house  with a heloc on it is like marrying a big fat Chic with long blonde hair .

I agree with @Aaron Knoll...I wouldn't be running around with my hair on fire about a "crash" just yet.  

I am currently a hair stylist, living in Waltham MA, and looking to get started in real estate investing.

I have been in the situation many many times and you want to pull out your hair.

But it was full of hair pretty far down and clogged up.I'm not sure if the flipper will be liable that will depend on laws in your state, etc.  

They also can't remove the pop up and let the drain fill with toothpaste caps, razer covers, and hair.

I'm thinking of all the sleepless nights and gray hair while watching this building come back to life for a new purpose (to make me money).

Real Estate has hair on it and it's not what the fix and flip TV shows make it out to be. 

But I suppose I am splitting hairs and using percentages is a good estimate.I like the forced appreciation concept...at the very least being mindful of how any money spent/projects done will increase the bottom line.