I suspect but dont know .. this has all the red flags of lenders to watch out for as in pump and dump due diligence schemes..

The red flags of managing from a distance and hiring a property manager are legitimate concerns that make it more challenging.

Also look back on their application and see if you missed any 'red flags" so this can be a valuable learning experience for you.

Too much red, too much equity that could be used better.

To get access to the maximum amount of equity, I would recommend Tower Credit Union.

It will happen in red AND blue states.Why?

Hopefully you have a Checkbook IRA to avoid the red tape and fees of going through the custodian for each transaction.

Donating money to large (FEMA, Red Cross), local organizations or Go Fund Me pages would be the quickest way.

. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

They try to act like a servicer and broker at the same time (these are not owner-occupied so not as much red tape) but in reality, they are just a broker that pairs a borrower/flipper/landlord with a lender.