If he had only done his homework and learned about operating expenses; cash flow; maximum purchase price; and dealing with tenants, the result would have been dramatically different!

These are placed in five Activity Categories.Activity Categories#1 Payment History - 35% of the score is based on Payment history. 1.Recently --- 0-6 months Dramatic – 7-23 months hard hit – 24+ months still hit.2.Frequency --- how many 30-day late in each time frame3.Severity --- 60-day and 90-day late etc.#2 Balances – 30% of the score is based on balances & ratios •High balances on revolving accounts are bad for credit scores.

Now home price appreciation has slowed dramatically in many of the flipping meccas and the availability of discounted properties has dried up." 

I've also had one batch of hearings go poorly where the Board refused to grant any reduction even though the properties were dramatically overvalued by any reasonable evaluation. 

Markets can change dramatically in just a few months and I don't like playing Vegas with my flips. 

If they do 80% of the maintenance themselves and you do not, the upkeep will go up dramatically  when you get it. 

(Sounds dramatic - but this is true!!!

I do feel the low and mid end of the duplex market is ripe for a minor correction but I wouldn't expect prices to fall dramatically.  

At some level it is better to hold a bit longer than to dramatically lower the price further.

Each of these variables will dramatically change the advice for the individual asking this question.