I personally concur .. they charge 6k to join the club they bring in folks who have no experience and set them lose.. with so called training..

Your setup is very common and I know plenty of folks in the exact same boat.

We have and do lend in Birmingham and have seen lots of folks buy 45k houses put in 30k and expect them to be worth 120k-130k but they are actually worth 80-85k. 

Hi @Sean Leahy - good direction, I've never considered this but now that I think about, whenever I've had some random rental/sale listings I've been approached by brokers who said they represent folks that are part of the insurance company's claim management process (e.g. their house burnt down due to an accident). 

Another trick from investers I’ve worked with is chatting up folks at local meetups who’ve recently navigated the same municipality.. they’re often happy to share how fast or slow things move.

As stated we are not interested in folks that do a  few a year.

I think most BP folks would agree that you have the right idea, diversifying your assets with stocks, bonds, and real estate.

A and B tenants, usually need more hand holding and expect more because they assume that they are entitled to it because they are paying so in rent. 

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

can you layout your typical transaction with these folks its unclear from your post how these were set up.. are you a borrower and they are the first position lender on flip deals ???