I've seen a couple replies from people implying I hired a broker in Vermont to assist  with out of state transactions.

There is no specification of materials or direction of the borrower.I can certainly see why you would assume that taking percentage of profit implies particiopation in management of the project, but I personally don't agree that taking a percentage of profit in lieu of interest constitutes influence in the project, nor have I ever seen it happen.

And when you imply that LPs can have that lifestyle, too, it certainly attracts capital.  

This implies that instant return likely will take more effort than in the recent past.  

I am not expecting things to work out as you implied but prepare a good exit plan.

Perhaps will all the $ you make, you could hire a personal trainer, to get yourself in some kind of shape!? 

My cash flow will continue to increase and in a few years I will have cash flow that cheap markets can only dream aboutUnlike most responses, I believe there is not enough info for me to state an opinion on keeping or selling your existing property, but $800 negative does not necessarily imply to me that it should be sold especially in a market that has appreciated 35% in the last year. 

On the flip side given how sub to has been mass marketed through the guru / trainer folks you are going to have a lot of the buyers who are NOT properly capitalized  who dont understand how to do these correctly or are just plain crooks and when things dont work out they walk or even worse realize they can just rip rents and not pay on the mortgage this was very common back in the mid 2000s  I got a few interviews with the FBI chasing down folks that did this 20 30 50 times they were criminal enterprises and they ended up in prison..

Will absolutely push the due diligence time in order to make the decision and if the seller is unwilling given the circumstances, i think as you implied that is perhaps a bigger red flag than anything!

Bakersfield is 5.2% since 2000 but has actually outperformed Los Angeles over the last 10 years.Not sure the interstate variance is as much as you're implying.