Thanks,Sarah If targeting true fix and flip properties (very bad condition) I would go after local banks and HML who offer some type of construction loan.

That company must look and act like a true company, with all expenses and bookkeeping kept separate from your personal finances.

If it is still active and true that IRS has 120 days to come for the 90k, I would then not want to start any rehab on the property during this time, as that is money I would not be reimbursed by the IRS.

Is there anyway I can see if this is true?

From what I understand, it is a formula used to determine the true cost (in percentage terms) of financing an investment when using both debt and equity.

Also, what techniques would you use to see if the flip was actually done properly and professionally and that corners were not cut that can be costly in the future?  

If you do, the same can be true about a house 2 blocks away or 2 miles away.2 - Controlling your who your neighbor is. 

I was starting to look to possibly invest in Raytown myself but maybe not if this is true?!

Does this hold true for an appraisal?

Remember true wealth is built with appreciation not cash flow.I, as an OOS investor for about 9 years myself, realized the same problem about 5 years ago, and I started to buy high value properties, most of them are fourplexes.