I was looking to flip a few properties first in order to build up a little stack of reserves before starting to purchase for rentals.

So in reality, I've made $142...luckily I have extra cash and was able to make those LOC payments without taking the Prosper money...but I cannot imagine going into my account and transferring the money out of Prosper to my bank every day over a 2-4 week span...unless you "skip" the initial month and let the cash build up...the point...it's tedious as F*&K to manage.

You could build up quite a portfolio by the time your husband is ready to retire without having put anything down. 

Was it on yellow paper with red ink?

I recently purchased 2 vacant lots in KS.

I start off all my rentals as STR to build up reviews and then covert them to midterm.

Seller's make claims all the time.... you can build up to 12 units on this land, you can subdivide this into another parcel, rarely are these true if you call the city and do some legwork. 

Here there is a 25 GPG hardness and .2-.8PPM (not sure specifically what my rental has), which leads to buildup and rust, in addition, there has been a history of too high magnesium which caused an advisory from the city itself about potentially unsafe levels of magnesium. 

Meanwhile, Paces clients very slowly build up their capital, but we all know the majority will spend it and come right back to the group to let Paces organization fund it so he continues building his wealth from all of these "gators".Do I get annoyed hearing about this every day..YES..Do I think it was a great form of revenue for Pace..YES. 

fix them up well, and list them at a good fair market price (this goes back to what your ARV was to begin with), and get that on the market (lower is better to build up to that price, and attract more buyers)!