There is no substitute for underwriting based on sound, fundamental real estate principles, including local market and submarket research. 

True success will come from creating and scrubbing a zip code specific list & putting a 12 month plan in place to execute daily fundamental actions.  

Unfortunately, What Joe Gore said differed fundamentally from what other people said.

They basically teach you 8 of the 20 chapters, and in my opinion, much of the fundamentals is missed entirely.

Obviously there is deferred maintenance on the property, but an inspection with a contractor will  tell you the difference between some TLC and a fundamental issues with the home.Looks nice to me (not familiar with Iowa markets) but I wouldn't move on it until I speak with a contractor.

Second having fundamental local economics of certain markets such as population growth, jobs, employers, curb appeal could help decide between a flip or buy and hold and this is especially true for buy and hold.

But if you have a specific market in mind the fundamentals there will be the important thing.No investing strategy can be fully "recession proof" since there will always be macro market forces that will affect your investments, which you can't control.

Those numbers are fundamental to the income analysis.

BECAUSE only once you realize that fundamental flaw, will you then be capable of comprehending the solutions.

I've been tearing through the BP resources and I'm really impressed with how fundamental yet comprehensive these guides and tutorials are.