However, the truth is that the (vast) majority of agents either don't recognize (or can't learn) what makes a true 'flip' deal or don't want to play in that niche where you need to examine 15-25 properties to get the one that sticks.

Mike:  I am a former Tax Examiner for the Internal Revenue Service; a former Tax Accountant for a Big Eight Accounting Firm; and I built and operated a Title Insurance Company for over 20 years, being a Certified Title Attorney with eight national Title Companies.  

With Condo's you need to make sure that the Inspector does not just inspect the Condo itself, but does do an exterior examination also.  

Regarding taxation and ability to 1031 you've got to examine your intent. 

I'm an interdisciplinary designer & marketing consultantI'm fairly new to RE, however, don't think of me as naive.This post gave me the idea of House Hacking: https://www.biggerpockets.com/blogs/2872/blog_post...I learned how to do a simultaneous close from a brilliant man & mentor for a different purpose.That specific technique piqued my interest in REI & seemed practical for what I'd like to do & simultaneously allow me to find housing.I love what I do it's profitable, however, I want to do more.This is my vision:I'm initiating a new startup co Seven Times Eight a new platform for co-working & education technology.After months of strategic planning & close examining we’ve decided to put our initial focus on uniting the best and brightest minds to solve the ongoing problem of education reform.We plan to launch around Jan '16.

Also, you want to get a title commitment from a reputable title company and you want to have a chance to examine the state of title.

Anyone who thinks they are right and I'm wrong needs to get their head examined."

The milestone inspection consists of two phases: a visual examination of habitable and nonhabitable areas of the building in phase one and, if needed, a phase two inspection that may involve destructive or nondestructive testing to fully assess areas of structural distress.

I never even considered this strategy but thanks to you I will examine deals with new eyes and thought process :)

My suggestion is to invest in your business and get expert legal and accounting advice.Sorry I don't recall his name, my appoligies to him, but there is a mortgage compliance company individual who has posted here, I'm not endorsing any company but there are companies that specialize in setting up lending compliance operations.In my examination experience I have never seen any lender who was ever in total compliance in all areas of thier operations.