Americans are spending there $ toward quality of experience more than ever. 

These are the rates established by the government that support housing assistance vouchers.

If you are uncertain about any of this I would recommend spending a little on a CPA that understands RE investing.

He spend $3k fixing it up, rented it for $700, but lot rent was $300.

I'm sure this was not comfortable or fun to spend this money for the fixes but the fact that you were able to find a way to do so and stay in the game is really a feat so kudos there!

We are happy to assist you with whatever management team you feel is in your best interest.

And then, whatever the seller was planning to spend, I'd have them pay that amount to me as an cash allowance at closing.

So as a result of my “asset protection” procedures, the end result was that instead of being sued personally and having to spend the time, money and emotional stress of both defending my self AND suing the insurance companies and condo association, the plaintiffs accepted an ASSIGNMENT of proceeds and signed a form releasing me and my LLC from liability in exchange for the right to go after the insurance companies themselves. 

Obviously, they will pay less for these loans because of the resources they spend upfront.Most of the larger private lending firms will participate in correspondent loans.

I am in the Atlanta area, let me know if I can be of assistance.