Many of those on this board who call themselves lenders are really affiliates.So long it’s done legally in your state, there is nothing wrong with being an affiliate and receiving a fee. 

All you can do is do your best to keep the wrong people out of your houses.

However, where you could get into trouble are your rents (not to say they're wrong, but if they are you could buy into a deal that does not pencil).

Turns out, I was wrong there also.

I may have worded it wrong

The BRRRR combines all the things that can go wrong with rehab and managing contractors with the holding costs during the time when the rental is being seasoned, and then you are literally at the mercy of lenders who may or may not refinance you at a rate that will allow you to cash flow.

Am I wrong?

Congratulations Frank on your condo purchases, you can't go wrong at that purchase price. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Let's say today you are fine, great, nothing is wrong, but tomorrow something happens and you become motivated.Who knows that you became motivated?