Are there any glaring holes or flaws in this staring me in the face?

Now, some states have different rules for whether HOA liens survive a foreclosure, and you will have to uncover what those rules are for the state where the purchase lies.

@ Nathan, I was thinking the same thing as a potential flaw in my strategy.

Those little things add up fast,,,and hidden must do's are uncovered every day.

The old conventional, but flawed, wisdom is that real estate values move opposite interest rates.

Then I make two payments, one to buy the house (at a price less than what I can sell mine for, thus preserving my Prop 60 advantage) and a second payment to cover the rehab and profit of the flipper.Does this seem like a workable idea or is it flawed.

Plus another 220k in cash (almost all of which was tax free) from the rental income.340k for option 1 (buying with 401k)620k for option 2 (pulling money out and taking penalty)This obviously has some flaws in the math.

In fact, a potential flaw in your workflow is having the homeowner involved in the beginning of the deal.

I created an Excel spreadsheet before but didn't stick to it probably because it was flawed.

Corey Duttonexactly- because there is strong tendency to grow the bubble w/ all the foreign investors in South Fla. we have to stay conservative.