Or they make crap tons of money but have horrible credit.

I'm tempted to go, shut off the utilities and change they keys but I'm afraid that this could end in me having legal repercussions even though I'm trying to do everything within my power to evict these horrible tenants.

I think my point also is for those who think that they can get into flipping with no money, Yes I know it can be done so many have done it but if you should come up on one that you made a mistake and you have no money its over.I do have to mention that as horrible as my story was- I've never lost money on a rehab to date- This was a close call but I didn't.  

I then realized in a few months that 1-40 unit deals had horrible pricing because all the amateurs were involved and the ones that looked good from a per unit price prospective were under 80% occupied and had ISSUES.

This is horrible.

Remember,  horrible ads also get a high CTR.

When your income stream (eg tenants) dries up, you are left servicing the debt on your own, and this is where it goes horribly wrong.

Thats a HUGE assumption.... there are plenty great ones out there but this forum is filled with posts about ****** PM's and contractors...... horrible and unsafe work....contractors that rip people off and disappearIf you have a great PM and reliable contractors that do good work, they are worth every penny. 

As far as houses with horrible additions, I typically offer less for those to account for the costs of removal of the addition and the loss of square footage on the final price.I would recommend:1.

We did not and we had two horrible prop.