The reality is if you do a 203k and mention you're going to flip the property the lender may not want to do the loan for you because if its paid off within certain periods of time like 6 months or 180 days or less the lender may receive a charge back. 

I am not predicting anyting here (the market looks solid), I am just recommending that you don't join the madness and keep your offers in the realm of reality.

I am not predicting anyting here (the market looks solid), I am just recommending that you don't join the madness and keep your offers in the realm of reality.

I would love his take on this.what we find on the west coast is simply a deed signed even though not recorded is a valid instrument.so you make a loan have someone sign a deed in Lui same day and reality is they dont own the property since they deeded it back to the lender same day.. 

The reality is if you are looking at a house with 8+ offers and you are FHA you are not getting it. 

I just stumbled across this little app called  ARPlan 3D that allows you to stand in a room, and create a digital 3-D model/floorplan with measurements. It's pretty neat! I was playing around with it today and thought...

You need an agent to provide you with recent Comps from the MLS because when it comes time to appraise these properties an Appraiser isn't using Zestimates from Zillow, they are going to appraise based on reality.

They use the excuse of "the cost of turnover" but in reality they are really only trying to avoid the job of screening  new applicants.This is another advantage of having strict screening standards.

Again, if it comes down to it then it might become a reality. 

But the reality is high risk = high potential return. if you want truly passive returns expecting more than 10% is really pushing the risk threshold.