I would gladly pay to be a member of an organization who is aggressive in seeking fairness for us Real Estate Investors.  

Seems like a fair response Account Closed - the question is regarding 'unethical' flipping.  

So you know they have skin in the game and don't have any incentive to skimp out on the due diligence (which appears to be the case on some other platforms).

I am fairly new to both Bigger Pockets and real estate investing.

And any PMs out there, if you forgot to collect the agreed upon deposit from tenants what would you suggest as a fair way of handling the situation?

Oh, people are also renting places out for U of M commencement weekend and Art Fair, too. 

Even getting to that point takes a fair amount of manipulating the numbers to make it work.  

Follow me on this:You have $50,000 to allocate to RE, which tells me that you have achieved a fair amount of success in your life - you've found a certain competitive advantage...At the same time, we happen to be in a very difficult market today.

My partner knows the area fairly well, and were are hoping to get back there and do some fix and flips, as well as obtain some buy and hold properties as well.  

While the 2% rule is a great metric to use, it shouldn't deter you, especially if the property will cash-flow well.Meanwhile, the 50% Rule is simply that your expenses will be about 50% of gross fair market rent for the area.