And if something pops up later such as unpaid material man, or a couple of subs who received no payment and did not provide lean releases- do you go after the contractors bond money after filing for a court order to do so?

But keep it real bro. 

Let's say you're paying 3 points and 12% to a real shark. 

Any update on what happened after this?

In simple terms, it says you shouldn’t pay more than 70% of the property’s After Repair Value (ARV) minus the cost of repairs.

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

Really the person that is going into the flipping game should know the market very well to do these comps on their own, and back it up by asking their trusted real estate agent/professional for confirmation.

Hi Angela,Your tech background can help you evaluate the deals but I fear that you don't have a comprehensive plan of what you want to do with investment real estate.  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Is there a standard verbiage for us real estate investors.