I had read Mark's article and just wanted to be sure I understood what constitutes "flooding".

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

The amount of capital required depends on the city's appreciation rate.

Here is my Cliff Notes on this elaborate example:If you have unused losses from the past, they might significantly soften the tax blow from a profitable sale.I don't see how this is called "strategic play" or "premium lemonade."

Is the property rentable? 

It has been on the rental market for about 55 days and the average in the area is supposedly 36.

There is no ability to set execution date to the future.The 90 day rule starts from the date the current deed was recorded to the date the contract with FHA buyer is signed.

Definitely not a good There are a number of threads here that if you read between the lines you'll find the answer that you're looking for. 

Good.PPS: When reading or listening to the smack talkers, the ones who kick when one is down…you are next if they get the chance.

Found the deal through my network.