EVERY SINGLE TIME when we listed out flips the house is under contract within hours of listing and  with $30K above asking price.Although the ARV said it would sell for $300K, our houses sell for  ARV + $30K... so if you do not take this into account, you will lose a lot of money you could have made.So ARV is both an art and a science, and it is a skill to acquire.

He did everything right, went after the right computer science degree, studied hard, got "a good job" in tech, tucked money right from the start into his 401K.

So you'll encapsulate and condition the crawlspace, like Building Science (the site) recommends? 

But it's not rocket science, and I made it work when the opportunity came along.I agree with you that everybody entering contracts should do so responsibly and should understand what they are getting into.

Nothing they did to achieve success was rocket science.

I promise you that modeling isn’t rocket science but using one formula to buy a multi-million dollar asset is borderline dangerous.If underwriting was as simple as 100 + 20 < 150, wouldn’t everyone be real estate millionaires?

I must say, however, "rent control" is fascinating!

I find real estate to be quite fascinating. 

Another fascinating feature of this particular house was that it didn't have a Siegler type oil burning heaters that I was familiar with (these usually sit in the center of the house).

Nearby schools include Porter Elementary School, Ontech Charter High School and Syracuse Academy of Science Charter School.