I know you are probably not talking about Detroit and I know it is not fair, but I'm telling you the honest truth from my perspective.

I would gladly pay to be a member of an organization who is aggressive in seeking fairness for us Real Estate Investors.  

Seems like a fair response Account Closed - the question is regarding 'unethical' flipping.  

I am fairly new to both Bigger Pockets and real estate investing.

And any PMs out there, if you forgot to collect the agreed upon deposit from tenants what would you suggest as a fair way of handling the situation?

But after studying for that long, it is now much easier to spot a potential bargain and estimate rehab costs, so soon one of these will hit. 

Even getting to that point takes a fair amount of manipulating the numbers to make it work.  

Follow me on this:You have $50,000 to allocate to RE, which tells me that you have achieved a fair amount of success in your life - you've found a certain competitive advantage...At the same time, we happen to be in a very difficult market today.

My partner knows the area fairly well, and were are hoping to get back there and do some fix and flips, as well as obtain some buy and hold properties as well.  

While the 2% rule is a great metric to use, it shouldn't deter you, especially if the property will cash-flow well.Meanwhile, the 50% Rule is simply that your expenses will be about 50% of gross fair market rent for the area.