During this entire time she is extremely condescending, disrespectful, yelling and screaming and I have recorded it on audio.When she finds out I am the property manager and the owner, she wants to cancel the lease and wants her $500 back.

There are multiple decent looking places that are occupied listed under $160K right now.Basically this is NOT any kind of screaming off market deal you have to move fast on.  

You want a screaming deal on flips.

I'd scream discrimination but it won't get you anywhere and certainly not help you with any future dealings with the bank.  

Be in and out of deals so you maintain good yield but also very good liquidity so you can pounce on a screaming deal if it presents itselfI also second the thought about a  3300 sq ft home for a rental... your capex and turn over costs when tenant leaves will be much higher and your cash flow will drop quite a bit.I like B ham I do a lot of business there. 

I just found what looks to be a screaming deal in the same neighborhood.  

That's the price of the flexibility.If the place is substantially undervalued a really flexible small bank MIGHT go off of value rather than price, so if you are getting a screaming deal with like 20+% instant equity they could possibly go for just 5% out of pocket.Really the same thing if it is a junker and you did the Hard Money/Fix/Refi route.  

But in general, you are not going to find screaming deals on the open market. 

It is my desire that these properties are redeemed also, so we can part ways before this cat stops biting her tail and let's out one long scream😡

Then there are times when the market is screaming higher (or for other reasons) you can afford to pay over 70%.