There can be a lot of hands on management of construction crews, and one must be very careful to make sure the job finishes on time, on budget and with the right scope.Depending upon how many deals the flipper does, they may become a dealer, and pay much higher taxes than if they invested in real estate for passive gain.  

When you tire of the car, which you will, you can give it back to the dealer and sell the condo to get your money back.

She could buy a used SUV from a dealer on payments and then use your cash for another property

Paying up front makes me nervous too, is there any chance this is a story and they are really drug dealers etc? 

Google book dealer in your area get 2/3 appraisals

Actually poker is slightly negative sum since you have to pay the dealer a chip now and then.

@Matthew Irish-Jones interesting.. that could be a potential setback.

Originally posted by @Matthew Irish-Jones:@Amy Raye RogersThe best returns are usually on the value add opportunities if they go well.If you buy in all cash and renovate you have a brand new property with a top notch product.

Don't worry youngsters, there are dealers in RE in their 50's and 60' that still don't get it.

I get the lease and tenant applications from the owner for the purpose of determining who's in the property (drug dealers, scumbags with previous evictions, etc) and so that I can see how long is left on their lease.