If anything comes of substance from that I'll add it to the thread. 

After meeting the seller she likely posted while on some illegal substance.

It’s more of a locals town, lots more waterfalls, and the downtown has a little more substance to me.we bought in Nov 2022 for $365k, and are on pace to gross $55-60k with our first rental.https://abnb.me/KOuWo7B1CBbI have found in this market, the smaller the place the better occupancy is holding up.

The only reason he began the process is because I told him the lender wanted them and wouldn't release any more money until they had them.Did a lot of research on him and I can tell you if you go to https://www.courts.mo.gov/casenet/base/welcome.dothis is the database for all cases in MO, and let me tell you, Rich (and several versions of his business Semper Fi or STL Flips) has almost 400 cases against him, breech of contract, small claims, lawsuits, restraining orders, possession of controlled substances, siezed bank accounts, etc. dating back to the early 90s. 

Rents (if applicable) will be current and be prorated as of the date title transfers.DEFECTS: Seller warrants Property to be free from hazardous substances and from violation of any zoning, environmental, building, health or other governmental codes or ordinances.

Seems he was thinking it was some kind of a goo type substance, like maybe food/grease.

During audits, the IRS tends to look at the substance of an issue in addition to the form.  

I believe it is some sort of powder substance that they coat surfaces with.

This becomes instant free cash (actually it's a "cashlike substance").

If you have cash to start (or a "cashlike substance"), and good credit, or can partner with someone that has what you don't, you can accomplish your goal very easily...and  quickly.Basic Steps to success:1 - Buy property and rehab using cash2 - Season property long enough to refinance all your cash back out3 - Re-use cash on next deal4 - Repeat previous steps until you've reached you goal.Since you are re-using the same money for all the properties, the only cash/money you would need is enough for the most expensive property.