If you make $10/hour and have been living paycheck to paycheck for a while but magically have a $12,000 deposit showing up 3 days before you apply for your mortgage, be prepared to explain that.If you start small, should not be an issue.  

I know that nobody has a magic 8 ball, but do you think there is a bubble brewing in Portland?

Banks don't like money that magically appears ... so it's best to park it in an account, and be able to explain how it got there.

There is no magic trick for getting around title issues when you purchase.

Very strong Vegas SF rental market without a doubt.Everything rents if its priced right, there is no magic.

That's what will tell you if it will cash flow, not some magical 2% line.The last thing is something nobody else caught (that I saw).

You casually remind them that their pet tarantula escaping from its cage is actually not considered an emergency according to their lease agreement and that they can contact you again during business hours to address it, but that they would be billed for this as it is not an owner covered expense under the lease agreement, and then you roll over and go back to bed and more than likely they don't call you back about the issue and it magically goes away. :-)

Basically, he wants to fully fund the deal (purchase of the house and all rehab), and I'll make the magic happen.

@Shawn Ward has the magic putter

Same structure - assume it magically transplants such that one is in the midwest (LCOL), and the other on a coast in a HCOL.