The house payment was $350 over the rent.The renters turned out to be heroine addicts, I lost my job, the renter trashed the house.

I'm fairly new, but addicted to reading the forums.  

Sellers go into a zone sometimes that is unbelievable and yet they feel they are being logical and proposing something very feasible.

In our latest, we had heard the previous owner was a drug addict and a heavy drinker and was often found in his driveway by his neighbors passed out.

Then add something like "Gosh the deals and the profits I am seeing are just unbelievable.

Persistence is paramount in this business, people can be unbelievably fickle.

Just kidding, but if I do again, only offer annualized returns, not fixed.I met up with the wholesaler and walked through the property with him before closing and he had told the owners that they had to clean out the house, but of course, they didn’t.The house has literally been a crack house for years until I purchased it. he owner used to have it as a rent house, and eventually gave it to their daughter to live in, who was unfortunately a drug addict and the place became trashed beyond belief. 

This is how many flippers get addicted to buy and hold investing!

Beware, cash flow is addictive!

And the quality is unbelievably bad.