Once they have your email address, they will send you all kinds of spam and it won't stop for a while.You should use a throw-away email address when inquiring on Craigslist ads - there are people that copy real ads (pictures and all) with lower prices - when you send an inquiry, you'll never hear back, but your email will be sold.

Not saying they are all fake, but I am on this website way too much and have seen several really similar scenarios get outed as fake accounts spamming to promote a service.

I had a few appraisals come back from Akron/Clv markets and had the appraiser comment that it is a "down market".If you are targeting the 50k purchases with the 20k rehab and then hopping to refi out afterward you are taking a gamble because if you do not get the 100k value after the rehab you can get stuck in the project or be forced to take a mortgage with a terrible rate.Keep your purchases 80k and up and try to make sure your project costs are over 100k on everything so you can be pretty confident that you'll get the 100k value afterward.

The issue is that I would gamble they will not pay via money order to your P.O.

I'd try to turn it over at minimum 3 times per year rehabbing and flipping until I could pay it all back and have my very own pile of capital warehoused to gamble with.

But it's okay, because if his gambling winnings aren't sufficient to pay the rent his family will give him money. 

@Alex Kovalenko If you invest assuming that appreciation will always happen, then you are gambling (not investing). 

I see it as a gamble, and not an investment.

Anything less than that is risky and gambling.

To me it would only make sense to keep your current property if you believe there will be more price appreciation on this property than another one you could buy with more cash flow, but that's a gamble.