Has anyone successfully originated or got paid on something like this?

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

While not my main area of practice I represented a Brooklyn credit union lender, some buyers/sellers and a few landlords in real estate transactions and rent arrears cases.While we had successes and some failures along the way I ultimately concluded that I wanted to do something different with my life and cashed out of the business.

Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

Hey Surya,Welcome to the community.Wishing you success on your journey.

Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.  

We don't even a Board yet (it's a new build), and it's all being coordinated by the HOA management company for the building.The developer offered to make the new door key fobbed on each side for entry, and would install a new security camera. 

Over time, you may want to hire a property management company as tenants can be headaches at times. 

Successful BRRRRs are challenging enough to do local to you.  

There are recommending screening companies on there that you can look into to see what best fits your screening needs.