Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

The logic: if you can't (injury?)

And unfortunately they don't always equate to the most logical investments. 

It is NEVER made normal, logical or says what it actually is.

Very sound logic from the not-yet licensed 19 year old ReafCo recruit who has never done a deal in Cleveland.

For larger properties, corporate relocations and housing displaced or relocating families is a great target audience.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

“Good Thesis” for Single Hard Money Loan: Borrower: Experience with multiple flips in target marketBut… doesn’t have more than a handful of flips going on at any one timeFlip is next logical progression:Example: Flipper used to doing SFH in a given market for past several years is doing a slightly larger project, or scaling to do two simultaneously.Example: Flipper used to doing SFH in a given market is not progressing from small fix and flips to a $2M luxury quadplex ground-up development in one jump.Flipping is the borrower’s full-time jobOr, their single side project in an otherwise established careerFlipper does not have 10 other projects going onBorrower has established contractor networkBonus: Has established contractor skillset and licenseBonus: Has deep experience personally remodeling flipsBorrower personally guarantees loan:Has material assets and net worthIs not highly leveragedHas a cash flow positive lifestyleDeal: Close, clear comps support both acquisition and disposition priceProject timeline and rehab plan is detailed and specificBorrower is willing to loan disbursements staged upon completion of clear project milestonesBorrower has procured binding quotes from contractors regarding scope of flipLoan is no higher than 80% loan-to-cost, and 70-75% of Loan-to-ARVBorrower is putting some skin in the game:Borrower’s equity is not just them buying the property at a discountBorrower is committing at least 10% (preferably 20%) of project cost in cash from their own personal accumulationTimeline is as tight as possible:Cosmetic Flip is less than 3-5 monthsMajor Rehab is less than 1 yearScrape and Rebuild is less than 18 monthsLonger timelines = more conservative Debt to Equity

You want to buy low, so if you're sure that your area has a fairly predictable and extreme boom-bust cycle, it seems logical to wait for a bust to buy.

Sure, your logic and sentiment are right, however it's completely dependent on individual market conditions.