Not the first won't be the last.This will depress home prices as people liquidate their STR's in the area.

The only people who get access to them are the agents who sell all of their REOs, and even they rarely get access to them.

I'm excited to get started on this project and I'm confident that I can do a successful flip with the right team of people around me.

I also tell people the following:-If we have another crash like 2008, we have far bigger problems than you finding a deal.

Start by learning a lot, meeting people, looking over deals, and choosing a keen spot.

I have convinced a few people locally that we may be able to find some good leads and we are actively in the process of trying to find them. 

I know a lot of people say there are insurance issues and the tenant can sue for things if it's not permitted but if I was the one occupying it and renting out the main house would that be better? 

Most people on here are way too overleveraged.

I buy materials from specific distributors, good product, warranty, net billing etc.I think using a reputable general contractor is best for most people, volume of flips is generally the focus (plus margins) Christian's comment said it best.

People much much wiser than I, always remind me, true wealth is built in the long-term.