Also, it is possible to do all your due diligence online (now comes the screaming from maverick TLC investors). 

Hello All,I am a 37 year old husband to my awesome wife (Bre) and father of one crazy 3 year old boy (James) and a soon to arrive baby girl (Kate). 

The first thing that screams out at me is that at the very minimum he would be deferring capital gains by trading that for ordinary income tax.  

During this entire time she is extremely condescending, disrespectful, yelling and screaming and I have recorded it on audio.When she finds out I am the property manager and the owner, she wants to cancel the lease and wants her $500 back.

There are multiple decent looking places that are occupied listed under $160K right now.Basically this is NOT any kind of screaming off market deal you have to move fast on.  

You want a screaming deal on flips.

Welcome to Biggerpockets @Chris Kates!

I'd scream discrimination but it won't get you anywhere and certainly not help you with any future dealings with the bank.  

Be in and out of deals so you maintain good yield but also very good liquidity so you can pounce on a screaming deal if it presents itselfI also second the thought about a  3300 sq ft home for a rental... your capex and turn over costs when tenant leaves will be much higher and your cash flow will drop quite a bit.I like B ham I do a lot of business there. 

I just found what looks to be a screaming deal in the same neighborhood.