HOA will eat up a lot of your money. 

Welcome to BiggerPockets Dylan and best of luck investing!

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

On top of that, labor is cheaper, so a full very nice remodel shouldn't cost more than 60k at most.

The concept of the loan is great, I'm just concerned because I see lots of bad reviews about their customer service unfortunately. 

Yes, unfortunately it is dead in a lot of states, but not Columbus Ohio!

I wouldn’t go there myself… you lose a lot of control, your house will see a lot more traffic / damage.  

Bernie Madoff made guarantees to his clients, so did Charles Ponzi - the "inventor" of the Ponzi Scheme.How will the guarantees be guaranteed? 

I've seen a lot of people try this, and they rarely use the home. 

Late payment of rent is not a good sign.