If you can find "deals" for no more than $140k, that will genuinely appraise for $240k+ with just $25k rehab - you should buy them anyway, even if (only) to flip.The main point is: whether it's for a flip or BRRRR - don't buy UNLESS you reckon you can be all-in for less than 70% of its subsequent (anticipated) appraisal.

I know we personally have done much better with each subsequent house we have purchase than the previous.

It's your money and (subsequently) your debt so you can't really depend on someone else to create that thesis for you.That thesis can guide you to short-list cities, areas within cities, property types, etc.  

I think the crash of 2008 and subsequent buying opportunity was a once in a life time event.

As a contractor I would charge a fee to do that, I wouldn't mind that fee coming off the price of the subsequent work later.

Originally posted by @Joe Villeneuve:1 - Pay cash2 - Refinance cash out3 - Re-invest cash from cash flow on next deal4 - Live off of remaining cash flow after refinancing...rinse, and repeatditto.. our strategy for 30+ years & today everything we own is free & clear & anything we subsequently acquire is cash.

The HOA may take action against you and you may need to subsequently take action against the tenant.

We subsequently fixed and flipped two more properties breaking even on one and making a decent profit on the second; we had a contractor fail to complete the 1st job and walk away with $60k on the second job without doing a thing.

Seller has provided me the majority of the collateral files and I found that the address listed on the original note, DOT and subsequent assignments/allonges are incorrect.

If he intends to exchange into your LLC which holds Real Property, and subsequently he will be the sole owner of the LLC then it would be a good exchange.