Hi Amit,It goes to show there are so many flavors of real estate that there is bound to be one that each investor likes.In my states where I transact most there are no rent controls so it doesn't come into play.

Said she found a bottle of flavored vodka in the basement.House was trashed, holes in walls, missing appliances. 

So thought # 1 is that flips come in lots of flavors (ie. difficulty / complexity / risk / etc).  

Extreme statement like that Gives a lot of ammunition to certain flavors of politicians.

Houston has Flavor.  

However like I tell my clients, visit the property at different hours of the day and days of the week to get a flavor of what is going on. 

It is a baby but not food but the scam used delicious ....

I think this comes in two flavors  one those that worked a 9 to 5 for someone else and want to be self employed .and then those of us that have never worked for someone else

And to some degree "success" rate can be subjective, sort of like asking which apple type do you like best: granny smith or golden delicious.  

It becomes Baskin & Robbins 31 flavors and after everything is said and done, if they are confused they walk out of the store or they simply decide they want vanilla.