Seems like the profit margins on fix and flips are slim, but long term and short term rentals look to be providing steady good cashflow.

You can as your basic questions over the phone as a sniff test but I would highly recommend meeting them in person for coffee, lunch, or drinks to probe and see if you think it is going to be a good fit. 

Topic No. 409 covers general capital gain and loss information.Qualifying for the ExclusionIn general, to qualify for the Section 121 exclusion, you must meet both the ownership test and the use test.

I actually work for LandAcademy and they were the ones who told me about the differences in the data sites and I had to test it my self of course.

Even though I’m not “selling” anything and am proposing making them money it’s a foreign concept for me and my circle is quite slim of people who have the type of capital needed.

This deal has passed the 1% rent to value ratio test with my offer.

That said, if I have a dump, and they are trying to get FHA or VA financing, I don't postpone because the chances of closing are slim to none.

There are defense mechanisms that can mitigate the impact of a downturn, not the least of which is positive cash flow that is stress-tested for adverse conditions. 

Usually require a lead test and home inspection to make sure everything is working and in living condition.

Granted, the chances of that happening are slim to none but, there are no prohibitions against it.