That being said, it is ENTIRELY a numbers game, if you can make the numbers work and the deal is good enough it will cash flow.

Like any other business, this is a numbers game.

Also if your in the game your going to be actively talking to buyers and sellers you will get a feel for what a real buyer and seller look and sound like and what they expect. 

We've both owned and sold homes before, so we understand basics of buying and selling, but reading through a lot of this info on bigger pockets is a totally different ball game.  

@Justin LenkWell it is a whole different game than what most investors do on BP.

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

I really like the HP for the scanning features and nothing else.

I suggest you not go 30  years with a note going to an estate, your high school buddy may very well look you up with an unpleasant attitude messing up his parent's estate in their elder years, but check with an attorney familiar with estate requirements.......you can also address such issues with a conditional demand feature, if this happens then they can demand full payment in 6 months for example.

I suspect they would want a key lock on the inside, or some positive locking feature. 

If it turns out that the plumbing is fine, you're ahead of the game.