Just because everyone is saying that now is a horrible time to be flipping, don't assume it's true.

They are all in horrible disrepair.

Due diligence is key because sure a $15K property that rents for $1150/month sounds great... but if you can't rent it out, it sounds horrible.

But, that doesn't seem like a good reason to be doing twice as much work.In other words, if I have the situation correct above, this is a HORRIBLE deal for you -- and a great deal for him if you have the ability to make decent returns.

Even if service is horrible in your particular location, that doesn't always translate into a "need." 

People have horrible credit and good income... go figure.   

If it comes out horribly wrong and way more then you thought you can back out because of you inspection contingency.As for financing, my understanding is that it varies from bank to bank.  

Maybe the landlord was a horrible slumlord.

Honestly I bought his mentorship program with Isaac grace and it was a horrible experience they took a week to send me my receipt  Anthony week for my video materials every time they had a conference call with the mentor when you call the hotline no one pics up very disappointed not saying it not good but def not worth the Money at all

Horribly misleading if someone knowledgeable wants it to be.Which is why you've seen it used on "countless" other prospectuses -- IRR using the "right" assumptions can make a deal look much better than what it would most likely look like in real life.