The crash affected all of these folks plus created turmoil on Wall Street.Various versions of CDD’s have been used in many other states over the years.

The basic pitch is either wholesaling or buying houses through some version of maxing our your credit cards. 

My version is below:A properties are relatively clear - high quality, good location, high rents / prices generally upper middle class to high class neighbourhoods.D properties - are in the poor areas or as some like to refer to as the war zones.The distinction between C and B are less clear depending on the markets and who you ask.

What you are considering will require advice from an attorney who knows local financing laws, lender licensing regulations, and is familiar with Dodd-Frank and your State version of the SAFE ACT. 

If the house was broken into a few days before closing & they withheld that information from you, sure I get that but it looks like you've got one version & he's got another as per one of his posts so I have no opinion on that part of the story.As for the rest of it I am sorry but I am not buying what you're selling here guys.

Let's look at the two main types of end buyers: fix-and-flippers and buy-and-holders.To make money as a fix-and-flip, most end buyers use some version of this formula: Max Allowable Offer = 70% of ARV minus Repairs.

I didn't use the old version very much, but the new version is slick.

I had read about the exodus in NY and CA has had its own version last year.Some of the condos I’m seeing in the MLS as well as Co Ops seem to cash flow based on rent prices.

I feel like Scott needs to come out with a second version called "Set For Life (For those who F**ked up the first go around)", that way I can figure out how to get out of this rat race and to start living life more on my own terms.

I would be happy to give you my version of the market.