And can I pull out the original $150k investment (before the 50k in gains)  at some point without any issues? 

Prices kept risingNow I am playing in Detroit, building costs in the last 12 months has increased by 10% a good signCurious do other investors look at this Makes perfect sense to me, Marisa unless builders are getting increasingly pulled to the suburbs and build prices are rising simply to entice them to Detroit proper (not sure that's necessarily a bad thing though either).Curious where you're getting this data.

He is willing to pull some cash out of this house to assist with some of the repairs also (so he has a mortgage to write off or tax reasons).

In all honesty, like you mentioned, they have a lot of clients/investors pulling them a different direction as well.

Then pull my money and move to the next deal.

Sounds like a tricky one to pull of during an FHA appraisal.

Pull in new home, sell them then refi. 

You need criteria when analyzing properties or you won't know when to pull the trigger.

Unfortunately there was other damage, so we pulled the deposit long before we got to the floors.

Also, I am also pulling owners off of Zillow that are fsbo.