The end buyer should not have to suffer harm because the flipper paid too much for the house to begin with.  

Otherwise, the buyer suffers no harm if they walk away while the seller has lost valuable marketing time and perhaps other potential buyers. 

Frankly, I'm surprised that anyone is able to make a living with the sheer number of people in the game right now down here.You have to remember that these five counties, especially Escambia FL were hit really hard in 2008-2012, so it's encouraged a very aggressive market for investors during the recovery.My own feeling is that too many people are now trying to flip in our area, margins are suffering, and the amount of available stock is being split too many ways.If you head north to say Escambia AL then your problem becomes value of properties, there just isn't the rental market, and its a poor county compared to the other 5 I mentioned.

A good example of why people shouldn't be getting ideas from guru authors selling books, especially old books, but this would have been loan fraud in the 80s too.If you as an investor type, go to a seller and convince them that some method is fine to do and it's not fine, you can be held liable, in fact, if the judge sees you as one with greater knowledge than your seller that will add to your pain and suffering as you were the one that cooked up some scheme and you're the one who caused the damage to the seller.My first post I didn't read the thread, I stopped at the original post.Now, I read some others.

In other words, I think that the economy may not suffer as badly in the next recession, but the MFRE owners could suffer more - because vacancy could take longer to recover.A look at past recessions, other than the Great Recession, would probably be helpful.  

However, the tenant can only claim losses which they have actually suffered....which at this stage, just a few days after lease signing, and almost a month before actual move in, are essentially none. 

Account Closed  NP  I do business in 12 states but only file tax's in 9 I think. the others have no state income tax so no filing necessary... you get a credit for whatever you pay in your home state so states with income tax the tax is either nill or negligible at best.The issue to watch out for with tax's is property tax's.in Memphis for instance you can be double tax'd  city tax and county tax... buy in the county and your tax's are much less than if you buy in Memphis proper.And of course we all know about Texas sky high property tax's its one you really need to watch other wise your returns will really suffer.

But their family suffered.

I once had a rental suffer a fire.

I have explored all these options and still dont know where id want to start, when it comes to modifying homes, I dont got many, or any skills infact that can help me with that, when it comes to renters, I have heard many stories of them not wanting to pay, and the landlord going through a hardtime to get them out or get their money, or even both, and lastly with buying homes in developing areas, and this sort of covers all 3 of the topics I covered, all I hear these days is how bad the market is and how we may go into a recession, the reason this rumour worries me is because I know my parents were affected by the last one in the late 1980s n early 1990s, and I dont want to suffer the same fate.