I’m about to tell you about a deal that could have easily fallen apart, but instead turned into a $200k profit after a lengthy eviction process.

That consultation was only a five minute call that could have easily been done via text or email or during one of their multiple confirmation calls.

Thus, they take extreme risks and look for corresponding discounts.Additionally, after the first position lender accounts for default interest, penalties, legal fees, foreclosure fees, accounting fees, and everything else, the equity in your combined <65% ARV loan can easily erode to zero.

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

The lack of awareness of the risks is easily observed in posts written every day in these forums. 

There is the tactical "act" of underwriting, then there is the much more valuable "art" of underwriting.The act can easily be taught.  

But also with low debt or free and clear property that they can easily access any time in the future with a cash out refinance.

My best advice is to work with someone who can easily plug you in with their network of GCs, PMs, and lenders.

Would’ve paid for my mortgage easily, and I’m gone anyways!

An HOA can easily restrict someone trying that strategy.