I had an agent friend trying to buy an REO, got stalled by “title problems” no timeline to cure......a quick search of the foreclosure file showed they forgot to name a junior mtg in the foreclosure...they were going back into court to vacate the foreclosure, start again naming the junior mtg holder, yada yada.....6 months minimum.

I had talked to them myself they had offices in PHX  and I had a complicated model I was doing at the time it was 2010 capital was frozen.. and they were just too quick to approve me all I had to do was send in the 10k to get to the next level..

You will want to identify a commercial lender that will allow you to refi without “seasoning” the property “waiting” 12-24 months.I use a small local bank in my area and they do not require any seasoning so it works out great on quick cosmetic deals.

My flip house got kicked to the back burner quick.

Last but not least in the "why DSM" bucket you have your traditional three motivators: low cost of living/affordable housing, access to well-paying jobs, relatively safe neighborhoods, and decent schools (I recognize, that is technically four and a half but I am rolling with it).

I don’t use it for accounting I just have the money go into my checking account and then I do all my actual accounting in quick books.

People will screw you in a quick second and not think nothing of it.

The additional acre added back to the property and the house fixed up the ARV is somewhere around  150 - 180k and I would probably price it to sell quickly. 

@Michael Glaspie Depends on the size and how quickly the seller can provide a rent roll, leases and financials incl bank statements.

Larger houses can be a bit more difficult as a missed item can balloon quickly into a large overage.