However, I'm not sure I see the value in doing that unless you think it will take a significant time to sell and want cash quickly (assuming you are thinking about a cash out refi).

Hi Everyone,I operate my business in the Indianapolis area, and I'm working on some goal setting and would like some feedback from other companies similar to mine around the country.I'm looking for others that typically wholesale, or quickly flip (close and resale) to generate revenue for their business.Looking for wholesalers or professional home buying companies that spend a bare minimum of $5,000 a month in marketing.Please do not use this as an opportunity to brag or show how successful you are or how much money you spend on marketing.

That $40k or your friend's $100k can disappear quick if you're not prepared.

Especially since it's a smaller town like you mentioned word could get around quick if you don't follow through and it could hurt you. 

He responded quickly that he had paid cash and owed nothing.

A quick visit to the admin/clerk of the BOH will give you your answer.  

We are not averse to other regions, the numbers just looked more promising in the north.

The danger is the rehab may not get done as quickly if you are living there, or you may see that as an advantage to be able to take your time.

It can range from a quick paint and flooring job for $5k and it could be $150k.If I had pictures I could at least give you a ball park but an on site inspection is the best

If you have the name and date of death of the decedent, a quick Google search of obituaries should help.