I think I found something I can get in under the 70% ARV less reno costs after speaking with my contractor. 

When I got my real estate license in Florida I got inundated by emails from Broker wanting me to work for them.

This is only a good deal if you are buying well (preferably at a large discount to market value) and have a rehab plan that is appropriate for your market (you know your resale market well) and you can execute that plan efficiently (preferably come in under budget).

While it would be great to be debt free in under 30 years, I don’t think there is an absolute need to do this.

Those lists are purchased by everyone who does this so the owners are already being inundated by postcards and letters with all sorts of claims.

Even if you create say another 10% of equity upside because of LTV buying stabilized it is still trapped in the property while you own it.Now if you make 300k or 400k a year and putting down 39k to buy a property then through saving that money can quickly regenerate again in under about 6 months.   

I did a 10X10 bedroom this way in under 2 hrs.

Of course there's no way for me to know, but if I had to guess I'd say that this guy has been inundated with "investors" ever since his house started appearing on those foreclosure lists.

You could also just call that attorney right after the sale, as that info is public anyway.One of the main reasons I want to go out with my R E Agent is because South Florida is inundated with inventory... and MUCH more to come.

Good question,A few years ago it was finding deals, next it was getting them sold, after that it was finding enough money ... today I can find a lot more deals then I can do, my houses have been selling, for the last few years, for pretty much full price, in under 30days.Now the biggest problem is rehab production, I am certain private lenders would fund, and buyers would buy 3-4 times as many of my houses if I could produce them for our market.Know someone looking for a job, :-)