OpenDoor.com promises instant offers and a 3 day close

[Sam Craven]

looks like some Silicon Valley execs are going to give flipping properties a shot on a large scale.  Would love to hear the boards thoughts on this.

http://www.inman.com/2014/05/30/opendoor-paypal-vet-keith-rabois-big-data-house-flipping-startup-has-funding-and-will-launch-in-july/

www.opendoor.com

I think, if executed properly, it could work, but there are a lot of hurdles to overcome.  Frankly $6M of funding for this kind of undertaking seems a bit low.