We as an industry are doing substantially less loans and way more are audited than have been in the past.

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

My wife talked to a plumber we had used on a couple of jobs in the past that was reasonable.

Suffolk, VA has a 4% population growth for the past 3 years What made you interested in investing in this type of deal?

To give you some perspective, I’ve interviewed or worked with over 50 lenders the past couple years and he’s only 1 of 2 total I recommend.  

BNBCalc partners with several data providers for short-term rental revenue estimates (Airdna), comparable properties (Airbtics), long-term rentals, tax information, and property information.Our comparable properties provider airbtics provides "revenue potential" estimates which it defines and calculates as the following:Revenue Potential is the revenue that the listing could have earned if it was active every day for the past 12 months.Formula:Revenue Potential: = (Revenue / Days available) * 365 Example: ($33,500 / 304)*365 = $40,222You can find more info about their data on their FAQ!

I've been using that strategy in Sacramento for the past couple of years.

Annually most DST's give budget, past year performance, Variance to projected, and forecast of future. 

I am not sure what your experience with "wholesalers" has been in the past, if any, but let's just say wholesalers are not in this game for you.  

Quote from @Min Zhang: Hey Alan, I have seen areas like Cleveland and Dayton with COC ranging from 10-18% and Columbus is around 8-12% with strong growth.