After at least ten different incidents where the "zestimate" was off, the asking price had either been lowered at least a week or more earlier, simple things like square footage were different from the MLS listing, tax assessments were incorrect, and estimated rent was pretty different from real time evaluations by my RE agent, I have finally decided I may be wasting my time...Does anyone on BP actually use Zillow effectively?

You absolutely cannot do this...not sure if you worded it incorrectly or not.

That 5k would cover a down payment but where are you going to get the money to rehab or carrying costs you need for all the months it doesn't sell.Whoever said "no matter what the house will eventually get sold getting a big return but it could take anywhere between 1 month, 6 months, to years." is incorrect.

Not that you are incorrect; it is just that I am new to this.

Further, he is correct the FNMA program being cited is the incorrect product for this scenario.

My understanding was loans started prior to January 10 are under the old guidelines is that incorrect?

That said, how things are worded can cause some incorrect perceptions and Bill makes some very valid points.

I'm not sure where a Bill got his 8.6 cap on provided numbers, that was incorrect.

He was stating that the interpretation of that is where the presenter was possibly deriving an incorrect interpretation.

My only hesitation (unless I am reading incorrectly) is that it seems like you will be reselling your list, which may violate the terms you have with your provider.