He hasn't been impressed with lead flow & quality.  

Look at the debt expenses, lack of savings, and then look at the flight to quality in passive investing vechicles(nvidia,s&p index).

@Thomas RoarkWelcome to the community and be ready for a huge amount of information at your finger tips.

I have gotten 90% financing for more than 1 first timer because of their credit and the quality of the project.You need to be very liquid using credit unions for the purchases of shell houses cause the rehab will be on you. 

**Property Inspection**: After submitting the RTA, HUD will schedule an inspection to ensure your property meets HUD’s Housing Quality Standards.

Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I explain they will have difficulty renting a quality unit, that I will ding their credit, that I will attempt to garnish their future income to recover what they owe.

Of course, that sort of price tag that he pulled out of the air is not logical and just shows me that I cannot be trusting with people without a firm price on all projects. 

NH, Maine, Vermont seem like interesting AIR BNB spots.

I am currently using Air bnb, Homeaway and recently used Craigslist in NYC. all the best, James