@Jesse Li  these rules were spawned out of the POST GFC  08 to 2011 melt down.. in those days in many areas including FLA you could easily find those properties.

I can't say I would handle a situation like this any better because I've never been in one, and I'd imagine I would easily fly off the handle.

For instance; 200k is an easily achievable ARV in Nashville.

So, for someone with a lot of money in a country where the currency is volatile, they may consider "storing" money in SF real estate a better idea that possibly losing 40% this year from fluctuations (SF is one of the most well known cities in the world and draws a lot of international interest).Secondly, for those doing this locally, you also have to remember that the very poor condition home that was rehabbed could easily be worth a few hundred thousand dollars more now depending on where it is.

Should easily be able to do both, and talk about both openly. 

This is what I have so far:Lets say I replace all of the rooms and living room w/ 10mm laminate from lowes at $1.79/SQFT at $0.99 install (I could do this myself or my wife could easily if we get a weekend during the rehab) Total = ~900*$2.78 = $2511Kitchen and baths w/ tile at about $2.40 and $0.80 install is what they quoted me for my porcelain wood tile my my house so Total = ~220-250 =  235*$3.10 = $730Floors Total = ~$3300 plus maybe $200 in prep?

You'll win easily because no judge would ever deny homeowner their right to live in their own residence.

mentioned at the meetup.I think it could easily play out this way.

Personally, I'm not that easily offended and I'm an big fan of Starbucks (they're all over the place...really).Good luck (now that I'm a stakeholder in this deal turning out right for you!).

The house could have easily appraised for several thousand more than the purchase price as-is.