And saw an opportunity in the Grand Rapids MI market.Property 1 - BRRR 100% in single family home that is being rented out with a COC return of 12%...

That might be the single most important point - 2 out of the 3 properties have come as off market deals through our network, and we also found our attorney, accountant, agent, contractors, etc through our network.

To avoid problems, it’s best to add these locks after the appraisal on a turnkey purchase or after the refinance is complete.Also, most DSCR lenders will assess the property’s market rent as a single unit rather than the combined rents of individual rooms.

And your generally not always but generally dealing with folks that only own a single property or very few not the sharpest tool in the shed other wise they would not be letting wholesalers step in and make more than a normal fee.. 

Purchase price: $480,000 Cash invested: $75,000 Purchased as a single family home with a basement and a seperate entrence.

However, its downfall (and really what makes it so easy) is that it is a single-entry system. 

Purchase price: $170,000 Cash invested: $40,000 Converted a single family home into a short term rental What made you interested in investing in this type of deal?

I think this is the single most important part of the decision in order to set you up for success in passive rental property investing.

Will you be developing single family homes or multi family on these lots?

No one knew those you listed would not be good bets before they weren't.