The coaches are making tons of money from coaching NOT real estate investing.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I never saw a contract but if i had to guess I'm sure it says something like "if you don't make $500K it's not our fault and we are keeping your money".

Plus you'll most likely make more money in home value growth compared to a multi family. 

For lenders, I have access to private money lenders or if you want to go the traditional route, I recommend checking out Coast to Coast - Jeff Weller. 

If they don't, then you file a claim and hope the insurance company squeezes the money from the tenant.Get rid of this tenant.

The 1099 will reflect the amount of money that you sent to the owner.

Unless you are talking serious money, which I would say is 2k or more in excess taxes, it may not be worth your effort.

These small conveniences can save you time and money in the long run.For rent collection, you can try Rent.app, which is easy for tenants to use and keeps everything streamlined.

I did my research and requote what would benefit both me and the investor, below is the Finalized CORRECT format of the proposal:Listed price on the property: 459,900MAXIMUM amout of money down on the property: $380,000Method of Payment: CASH OFFER from Investor.