Rather than doing a flip I would recommend doing the BRRR strategy which you're halfway through.

Just click on the magnifying glass in upper right and learn why. 

Am I halfway there? 

I’m halfway there right now.

Since you gave the rose tinted glasses scenario in case of default let me give the other side of the coin. 22yo E-4 gets married and buys a house out in town, rolls his funding fee into his mortgage and lives there for three years. 

Account Closed If you really want to make R.E.I. your lifetime career, put yourself in the best position to do so, and to succeed without any caps or glass ceiling, go to a good University, major in Real Estate, minor in Finance, get a Bachelors degree.

My most favorite emails to receive is "Hey, your internet service for so-and-so address was flagged for participating in illegal activities" for a property half way across the country.

Look at it as the glass being half full:- You know your letters were delivered.- They peaked interest enough to get open and read.- You had the correct phone number.:)

Like taping a bad check under the glass counter top I guess......that's a good way to tic off a good customer who made some mistake at 30 days!

@Jay Hinrichs @Jeff Glass @Eamonn McElroy @Barry Ruby @Yonah WeissOne more question to you all: The valuation for the land and improvements at the time of purchase is what recapture is based on correct?