Does anyone have landlord-initiated ACH?  

Sure, I understand that 10% alone is not going to get most people interested in the city given the risks, but indeed I think there is a strong case for certain classes of properties to double in 5-7 years, on top of the 10+% yields.

Based on your initial message it does not appear you bid based on the house having negative equity

I had initially planned to finance the rehab with cash and creative financing (lines of credit and such), and then financing it all through a bank.

I must admit, I am struggling a little on this one.We already made an offer on the home and the counter was decent, still keeping us below initial asking price.The offer was with indication that we would be doing an independent home inspection, always a smart idea.At first visit to property, there was concern on the diagonal/zig zagging lines in the walls, the few gaping holes where the stairs meet the home – evidence that the staircases had at one point pulled away/separated from the home.This cracking is by no means just settling, my limited knowledge of home construction was telling me, this here was a structural issue.But wait….. there’s more!

It is strongly advised that the N4 not be used for this purpose.

Unless of course there's a big redevelopment initiative in place and you can get ahead of the redevelopment.Now those neighborhoods can be good for flipping because there tend to be more value add opportunities.

I am sure I will have other questions, but these were the initial ones that popped into my head.

Since then I have gained a strong understanding of how to invest in real estate.

also. in a market like Austin Texas where its a really strong market. does it have much of an effect?