If it is a direct lender you are able to work to find more favorable terms because they usually determine their terms on a deal by deal basis. 

We rarely have issues, but it seems like such a small investment in time and money to take one day to verify. 

Provide them proof of your ability to find, fix, flip (or whatever strategy you plan to use), and then start with small amounts of their money.

Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health) and choose the one that is most “stable” with the best potential for long term tenancy.This advice is contrary to maximization of rental income, but IMO will reduce expenses of tenant turnover, property damage, property management fees so much that the difference in bottom line income will be quite small.  

It is very hard running a fund and paying 9% with performing assets at such a small scale and making it worthwhile for the fund manager. 

@Jonathan Small what's really in it for the wholesaler?

I'm a broker and can run comps all day long for straightforward LTR properties, I know small multifamily in our market.

If you’re only thinking about making an extra $10,000 per year, or even doubling your salary, it’s possible you’re thinking too small.

Start small, focus on building relationships, and take advantage of Conroe’s growing market to achieve your goals.Good luck!

For example, I often recommend working with vendors who specialize in rental property maintenance or have experience with rental landscaping to keep your property looking great without overspending.Start Small and SmartFocus on buying a property that fits your budget and investing goals.