Even if you buy in cash, you're still using a title company.A common scenario is that someone with a moderate chunk of equity has a family emergency and is unable to pay their mortgage and falls behind on their mortgage and taxes.

As I pointed out in an earlier BiggerPockets thread here, the Austin market slowed in the first half of 2017 and is showing signs of normalization:“The Central Texas housing market continued to show signs of normalization in the first half of the year, with positive but more moderate gains in sales activity,” said Brandy Guthrie, President of the Austin Board of REALTORS®.

Though price performance has been more moderate. 

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hey all.did a BRRRR last year and learned _a tonnnnn_.still wanting to do BRRRR as our general strategy, but have come across a potential flip. wanted to see what some of your rules of thumb are concerning profit, margin, etc.my moderate analyses are putting me at ~$30k when all is said and done on a $350k sale. is that decent?

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One price drop and an extra month of holding costs (since those things often end up going together) and you are pretty close to break even.Draw your own conclusions but to me this is saying that using a 70% screening for deals in the low to moderately priced range should give a good feel if you should dig deeper into it.  

Asking Price: $35kTaxes: $3300/year2000 sq. ft. raised ranch - would be a 4 bed, 2 bath when done.Sits on a wooded acre in the country - all the neighboring houses are very niceRehab - Fairly light to moderate.

This could be a house built in the 1990's in a suburban neighborhood, or a moderate sized apartment with decent carpet and a dishwasher in a nice downtown neighborhood.

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