So, if you're OK with that, then it sounds like a good deal.

He is probably trying to find someone that will buy the property, he then charges a "markup" to the buyer.

The borrower can then legally sell the collateral in order to recuperate their money that was lent.

Then it sounds like you have your mind made up then right?

Now, if they asked whether the tenant had "pets", then that would be a different story, and only if the tenant's dog was actually an ESA.

If it checks out then the numbers seem good.

Most are being encouraged to buy Class B-minus rentals and below, but no one corrects them about their mistake of using Class A assumptions on these rentals:When a newbie gets smacked with reality via their losses, they then can only suck it up until time improves their mistake or dump at a loss.So, my question is, why can't we all do better and grow our industry with integrity?

Quote from @Blake Winiecki: Figure out how much you want/need to earn, then reverse engineer it to see what options are available. 

If your goal is financial independence, then selecting an investment city is a straightforward process due to the income requirements for financial independence.

Tenants will set up insurance, show you proof, then cancel their policy right after moving in.