As someone who's focused on building out a business for decades to come -- I'm thankful for there being a higher standard we should all be held to. 

But something just did not add up with those guys ( and they were AZ based and slick as all get out) But to easy to approve me just send 10k for due diligence. only somewhat related but BiggerPockets really needs to acknowledge a new category of lender that falls in the Non-QM space (any mortgage thats not qualifying under the Agency QM rules - including DSCR lenders but also many established non-bank lenders that focus on pretty standard mortgage products that are part of the established Secondary Market and Finance Infastructure). 

By many standards that is a decent return on that number of rentals if they were bought a couple of years ago.

The contract is the usual Florida realtor approved standard contract which you might be very familiar with being a Florida realtor. 

If you are managing your own properties, there's a different standard. 

You are overestimating these numbers.Speculations as to why: tenants in these particular rentals may be tolerating a lower standard of maintenance than you think and thus everything wears longer than you think it will, I may have a different relationship with my maintenance people than you do (actually I don't let my management company do anything and I'm very involved in maintenance, I know how to do practically every necessary task, I manage people directly and sometimes I'll do a few things), there may be an error in your calculations such as you're assuming two units in a duplex don't share as much as they really do (they still share roofs, yards, and many other things), or something else entirely.Either way, your numbers are way too high and I will not be able to answer why in more detail or provide you with my exact numbers without spending a significant amount of time on this. 25% ain't too far off. 

Given our size and visibility, great responsibility is taken to ensure everyone follows shared standards that balance the best interest of sellers and investors alike.

Is 10% down for a vacation /second home a standard rate?

The standard advice seems to be that allowing pets increases revenue. 

Do I need to lower my standards or try to find alternative ways to source deals?