I am sure your trainer has never mentioned this.Most hide behind equitable interest theory which is great but when its a scheme its selling RE without a license plain and simple.when your buying for your own account that's fine.. you close you own you do with them what you want.And I get it on hoarder houses I bought 5 in the last year that were not saleable accept for cash I am not even sure a HML would loan on them LOL.. so folks are kind of stuck I get that.but like your said lots of bad actors in this realm.

Originally posted by @Steve Babiak:@Jay Hinrichs - a big difference between property casualty insurance and "mortgage insurance" ... if the OP doesn't understand that, then the OP should first get better educated.Steve the insurance you buy for these scammers is rolled into the entire scheme.. first they want the 500.00 saying your approved for 3% money which we all know too well is not REAL... its a total scam.... but then during the process and once they have you hooked and committed to the 500.00 all of a sudden your credit and the deal does not look that great we just need to go over to this foreign country and buy repayment insurance.. the scammer explains since you the borrower are not really that qualified you need to purchase this insurance policy so that if you default the insurance company will pay the loan back.. and they try to tag you for whatever they feel they can get 1k 2k like in this guys case..  

This is referred to as "AirBnB arbitrage" and it's a get-rich-quick scheme promulgated on social media.

Perhaps an auto infographic generator or small colour coded table that people can post details of what they're looking for.

Feedback has been fantastic but no offers yet.I'll post updates as I get themThe jury is still out on this project but I'm looking at a potential profit of $30k-$35k depending on selling price and closing costs.Some lessons learned:Time IS Money - I spent weekends and nights working on this place to save some cash, in the end I could have paid a bit (~$5k) more and had it ready to sell in weeks versus months.Keep track of everything - The amount of data I have from this flip is astounding: Square footage of rooms, kitchen layouts, electrical diagrams, paint schemes & material samples, inspection documents, eviction process, quantity of materials used and of course all of the costs.I'm much more confident in accurately estimating jobs and can spot questionable charges/material quantities - the best part is that the more flips you do the better your data gets!

In the grand scheme of things its a small price to pay for your first impression (listing/web photos, flyers, mailers, etc.)

And then there are some who seem to have problems and aren’t able to self manage because they don’t understand their local municipality rules when it comes to contracts, evictions, serving notices the proper way, and just the general overall scheme of managing.  

Real estate investing is a long game, not a get rich quick scheme.

., sorry to say, but, this reads just like a pyramid/Ponzi scheme would have sounded back in 2006-7! 

@Mark FriesEvery scheme works........until you get caughtMy comments assume that each person has something to lose.