This is insane that these guys got that large of deposits on a pre sale rental house construction sent directly to them. 

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer. 

Find a good lender, get pre approved, make sure you practice running the #'s using the 100's of videos and guides from BP, find an investor friendly Realtor, and then start making offers on any property that meets your goal.

I only bought props pre foreclosure with significant equity. 

The only reason to look into franchises that flip houses or do renovations pre-sale is because you have existing business that you could leverage on top of this to add more clientele.

This means sizeable monthly payments, but if utilizing with Value Add you can pay off the loan without a pre payment penalty at any time.Hope this helps!

Not 100% but we were doing that pre '08', and it was based off our model not drawn from anyone else. 

ANYTHING not pre-approved will not be reimbursed for (unless its an emergency and you cant be reached fast enough)....

We tried to explain this to VRBO call center reps, but they can't offer anything other than telling us to lower prices to pre-Jan 6 rates. 

One way we fight this is with photo verification pre-lease signing and not approving renters who don't view the place in person, our credit underwriting software also flags apps that have a high likelihood of fraud.