However, shortly thereafter, we began to experience delays in draws, mislabeling issues, postponed closings, and unreceived funds.

I have lowered the price significantly this year. 

I was in contract to buy 100 houses from one builder who was selling for 250k in 06 my contract price 125k each.. thankfully I did not close as within 12 months these were trading as I said in the 50 to 60k range..

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

Generally houses worth 200-300k rent in my experience close to 1750-2250 in AL if you can get section 8 assuming you have 3-5 bedrooms3.

Generally speaking, I think tech like this stuff and social media have lowered the barrier to entry, allowing people to take risks they dont fully understand, whether wholesaling. flipping, lending, etc.

Lowering your standards invites expensive evictions and repairs. 

Prices are far lower there “relatively” speaking due to low demand.  

This attorney should handle creation of your PPM and state filing requirements, but they do not handle the PSA or closing. 

Also never pay any upfront fees and go with a trusted lender who closes through a title company.