I want to see their experience managing other people's money (and which is much harder than just buying properties for personal investing purposes).2) No details on key things that indicate risk like co-investment, structure of debt etc.

I believe setting the precedent upfront solves what could be serious issues before they even apply by giving them a rundown on some of the big key aspects of what the process looks like a head of time.Big indicators are verification of identity and verifying the references for documents when needed.

Usually, that is best done with a 2-family house hack.You are at the stage where you don't know what you don't know, but your post saying wholesaling or storage indicates you aren't very far down the rabbit hole of research for what will work for you.

Rentometer indicates the property median rent at $1600 which is where I started.

The original post is choppy because he typed it on his phone and it clearly says I get low appraisals indicating it has happened more than once. 

However, the median price per square foot grew by 3.8%, indicating that the inventory of smaller and more affordable homes has grown in share.Homes spent 44 days on the market, which is one day more than last year but eight days shorter than before the COVID-19 pandemic.According to the Realtor.com® May housing data, the market cooled a bit as mortgage rates went up in April and May due to stubborn inflation.

If they took forbearance (which you can only speculate on) and didn't make a payment for 12 months, their current balance would likely be higher than what the guess from the above paragraph would indicate. 

Lender indicates that force-placed insurance company is retreating.

I've heard that looking at the average cost per acre versus the cost of the property can be a good indicator of whether you want to invest in repairs versus teardown.

I found out that things were not going the way they were supposed to be going so I immediately stopped and salvaged what I could and made the investors whole to the best of my ability and have now changed the model completely and have complete transparency now and I am working with those whose properties were not delivered as was indicated in the contract.