The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

Other sources of stress:  divorce (can be searched for by short time of ownership and quit claim deed), probate is not as easy as it sounds and turn around is often >12 months, vacant house... 

I've had a couple of buy and hold properties but now I'm actively looking at ways to achieve more passive income through short term rentals and multi-family units.  

In short, I think this speaks to the frothiness of the market and any system with less checks and balances (i.e. now they can just buy anything the "crowd" may not have liked) is worse off. 

They can try to do a short sale and get money if it's an underwater asset.

There are certainly going to be some tried and true elements, but we believe as technology, culture, etc. change that so may business structures and practices.With all of that said, as brokers and agents, what service, support, and features are most valuable and most attractive to you in where you choose to do business?

In short, if you can evaluate a deal as an equity player and its the right deal you will be compensated both in fees/interest and in an equity split.

@Devon Morgan,You need to read up on how to attract and engage private lenders where the deal is more important than your credit.When you don't have money and/or credit, then you need to use other people's money and other people's credit.

They aren't a short-sale or foreclosure but also can't upgrade.  

I wouldn't plan on using either of these types of loans for a short term flip.