Contract violation: If the owner doesn’t give access to the site or fails to obtain permits, then it’s possible to end the contract.

That doesn’t seem likely.  

In today's market, if a tenant doesn't have a credit score than we ask of advanced rent.

Simple Truths.But you can make a ton of money, if you do it correctly.Why doesn't McDonalds sell T-bone steaks?

If you can solve the problem, you can get the house for less than everyone else who doesn't care about the person.3.

Getting into real estate doesn’t have to mean having millions in the bank.

That money is there for a different (long term) purpose... and if you are pulling it out to not return it you are going to pay a penalty, which isn't financially smart.Odds are you have a great rate on your current house if you bought it during cheaper times... so giving up a great interest rate doesn't make sense either on selling your house and renting.  

Cash flow is often a vanity metric that doesn't really mean actual cash flow.

That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious). 

The stepped up value of the real estate doesn't get taxed as it remains unrealized gains to you and your heirs get the stepped up basis.