We’ve repeatedly asked the seller to provide the tenant’s rental payment history, but there has been no response.I asked my realtor how we can verify the payment history, but she didn’t directly answer and simply mentioned that I can either accept or deny the lease (it’s a month-to-month lease, which I’m fine with).Should I move forward with the sale?

Regarding auctions, if you don't win the bid do you get all your money back?

If you bring the missing skills to the table, you both win and you will learn what you feel you are lacking now.Use the calculators on BP to get you focused on deals and see what works and what does not work. 

I work in comp so I have no issues building my own but I'd prefer to simply use one that's already created.Finally, aside from reviewing prior projects on the company's website and scouring the internet for reviews, does anyone have any tips on how to select a given company?

What is driving the Florida market is simply it is too unaffordable for someone to buy a home here.I am based in Bradenton, FL (Manatee County).

Your suggestion is a heads I win, tails you lose.

I also hear from a lot of landlords that they aren't interested because it doesn't sound like a "Win" for them.Here is what I've found works - - - - - - - (1) Picking your target correctly Theoretically, you could rent any residential space and Arbitrage it, but realistically you need to find a place where you, a total newbie, can create enough value to begin a partnership.  

Because I rarely have to evict (one every 5-6 years) and because I always win my evictions.

The best way to win is staying in the game the longest. 

They are simply writing checks with, as noted above, no real recourse in the property.Third, and back to control, if you are in a pref equity position on a value-add property, you are not second position.