Some of those facebook groups have thousands of members.

So you need to remember that there are about 4- 6 big box lenders that fund most of the Hard Money loans and then you have thousands of brokers selling their products and lots of times someone thinks they are dealing with a lender but they are not, they are dealing with a broker who has a lending sounding name and this broker is set up with an account at a few different lenders. 

Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER. 

will not make a hoot of a difference, ok maybe one or two thousand, increase value but doubt it.

Honestly this is why the govt needs to change the criteria for an accredited investorIt has not changed the amounts in like 40 years and many people making $250k a year cannot afford to lose $50 or $100k which is happening now as many use the “accredited investor” as a status but the only status is you can lose $ and govt doesn’t care.Besides that the jobs act introduced crowdfunding and regulation a+ that allows people to invest hundreds or thousands of dollars at a time not $50k and accepts non accredited.  

:A bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

A good PM can turn a mediocre investment into a solid return; a bad PM can ruin a good investment.A good PM can also help you narrow in on the best neighborhoods, cross-check what your REALTOR tells you, and line you up with solid contractors.I'm biased, but I don't think there's a more important person to have on your team.

Some of those facebook groups have thousands of members.

Which it ended up being closer to 2.5 weeks and almost ruined the timeframe of my loan.

Maybe I need a new tax guy, but with hundreds of thousands on this site I thought someone might have a helpful opinion.