Sometimes they do not and just were lucky.Unaccredited investors tend to be unsophisticated, pose more liability to a sponsor, require more red tape and paperwork, tend to only have enough capital for one deal, etc.

I am doing the 30 years fixed, i was also told that there are no penalties for early pay off and also you can purchase a lower interest rate with a larger down payment but those things dont interest me at this point so didnt bother looking into it.

Treat your cash buyers well and leave plenty of meat on the bone and you’ll make good friends.  

He mentioned rebuilding the wall under the window and shoring it up really well with 2x4's and then making forms for a concrete fill in, making sure to put a water barrier, such as red guard on the old adobe surrounding, to avoid moisture from the concrete, dissolving the adobe blocks inside the Plaster walls.  

That would put you about $3k/year in the RED.

He tried hard for 2 days as we went back and forth.. when i said OK when your back in San Deigo I will send my  plane for you so you can come to vegas to meet me.. at that point he told me to F off   LOL

When considering a flip property, is a former meth lab an obvious red flag that should never even be considered?

I would find a good mortgage person (at a real estate meat up or something) and run your plan by you.

Assuming 50% of gross rents for cost/vacancy that would leave me at $28,200 NOI annually but $37,812 for debt servicing resulting in a loss of $9,612 per year. 

Everything for the permitted property required additional fees, testing, more fees, ripping out good for bad, more time, extra ridiculous Gov't style red tape.