First how is the job market area and will lets say a professional will be just be there for short contract time.IE a professor with out tenor at the university may rent because work my take him or her elsewhere and they do not want to wait for a home to sell.

But one we rehabbed/flipped for +$80k net, and the other is a fantastic town home site overlooking downtown that I'll either develop myself or flip to a builder for $40k or so net (we've currently got the existing structure rented to be cash flow positive and bide us some time during the redemption period to decide).

Said he was going to short sell it, and ruin his 800 credit. 

To keep this as short winded as possible, just do it.  

Just make sure your offer contract allows you an inspection period with the option to back out if your inspection comes back with any big ticket expenses that turn it into a bad deal.  

Period, So, they weren't making a judgment about the viability of my particular deal.As to the "break-even/lose" issue - well, I've learned so much while working on this house.

It might give us an idea.I find renting for September 1 to be the busiest rental period of the year.

No one will admit this but should you have to sell within a relative short time after purchasing you might lose money.  

Hello Fellow BP Members, I first want to say that this community has been extremely helpful in my short time as a member!

We are renting them as short term vacation rentals. 3-7 days at a time.