I was going to continue building a portfolio meant for the long run instead of quick short term profits, and survive the ups and downs of any market condition.And I bought well, very well perhaps, as most of my deals were 50-60% what banks were asking.

A risk with this transaction is lower than anticipated rent ($650 is higher than any of our other units, but is being achieved by many other recently-listed units owned by others), but even at $600/mo cash flow is only slightly negative during the loan period and ROI and CoC are still 40% and 48%, respectively.  

(It's actually a property that I've eyed for a couple years, just daydreaming, & reached out to the owner llc during that time but never heard back). tl;dr My idea so far to purchase would be a short term 12-16 month hard money loan, 80% purchase w/ 100% renovation, with private money coming in to fund the 20% & points, refi'ing into a conventional note with my local lender who I have a decent relationship with when the first note balloons. 

Probably better than the stock market over the same period of time. 

I got my RE license in 1998 and began flipping houses shortly thereafter.I've  done 18 fix and flip deals in the past, all in the North Atlanta suburbs (except for one duplex in Inman Park I wish I had kept...)

Then we got to the time period where the the housing market was ambling up, and we took massive action in buying a number of properties. 

As a Buyer, my contracts have an "As is, where is", but I always have an inspection period so we can have the option to walk away if something is so concerning that it would be a deal breaker.

Having properties with multiple liens, and or mortgages can stretch your closing period.

Finding a lender that has a low or no seasoning period is something to track.  

The terms are % rent appreciations for the time period (ie. 1 year %’s are the change in rents from 2015-07 to 2016-07, 2 year %’s are the change in rents from 2014-07 to 2016-07,…).