I don't have personal experience with it though. 

Obviously the key to a successful flip is to find solutions for the distressed person. 

He buys social media engagement to push his products.

The seller needed to sell quickly due to personal reasons, which allowed us to negotiate favorable terms.

:-pI don't think it would be worth it, personally, unless your end goal was to relocate to Spain.

And, I just don't buy that GPs will liquidate the deal to finance their personal problems - if that's the case, then I invested with a GP who was irresponsible to risk their family's financial future on a single deal.

Have had it happen in personal houses before, it was usually due to humidity in cities with high, high humidity. 

My personal motivations and limitations have made me not consider turnkey, flipping and house hacking. 

130k sounds like a lot of equity, BUT most second position products are only going to go up to 70% or 75% loan to value. so, you can not borrow a large portion of that equity.

This has been the case for me personally.