Excellent post!!

But the numbers may or may not fit their criteria.

I suggest listening to the BP podcasts and get a feel for what area would best fit your goals. 

This is an excellent description of one of the major deceptions that home sellers face in the market.  

A:  Yes...and yesThen, you take that cash you get back from the refi, use it on the next property, and repeat all the steps as many times as you can find properties that fit the number profile...which is why the market analysis is so important.

They can be used for retro work where the size needs to be adjusted.In the East, Anderson is the leader and make an excellent product. 

Not a bad person, the shoe just doesn't fit.

So I could also fit another flip into my budget this year.

You can make your own excel sheet or use the calculator here in BiggerPockets that is all inclusive and gives excellent info in your results.

There are many people on this site and in the Lexington that fit your description.