My whole philosophy is to buy and never sell.

(Looking forward to a "flood" of people commenting on that philosophy.)At the moment I'm setting up a vacation rental in Largo -- 4 minutes from the beach, but not in a flood zone.

My philosophy is get as much knowledge as possible (look up statutes, talk to attorneys, division of real estate, etc.) and make the best decision for you. 

Beyond that everyone has very different views and philosophies.

@Edgar Avila I echo what Marcus Auerbachsaid as that's my philosophy as well.I listened to a BP podcast recently in which the wholesaler said that he has a list with 900 buyers, but, only five, yes 5 or those actually buy all his deals.So, go out and bring those killer deals to the table and you will harvest a ready made buyers list....guaranteed!

That’s my philosophy :)I understand this is not for everyone, as some would prefer the more ‘passive investing’ approach.

I recently graduated college with a double Bachelor's degree in Anthropology & Religious Studies with a double minor in Philosophy and Asian Studies.

I agree with the 'don't rehab until they move out' philosophy.

Our philosophy is if we are spending all that time arranging a closing it might as well be a large transaction!

I have plenty of operational philosophies that guide me, but no rules of thumb.I'm not an expert in the note space, so grain of salt ... however, I'd back into what "sufficient equity" is ... for the state the property that the note is in, how long will it take you and how much will it cost you to foreclose and sell the property and at what price will you be able to realistically and conservatively be able to sell?