Now were back to a mare normal world where a person has to have that skill of forecasting, analysis, ability to "read the tea leaves" for where it's all going and if todays acquisition makes sense. 

I personally love the Cleveland market for its cash flow.

What made you think this person had no experience whatsoever and didn't own their own home? 

I personally use Bnbcalc: https://bnbcalc.com/?

Personally, I've been in this niche since 2007.

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.

I have personally seen the "Deed in Lieu in escrow" tactic with two different private lenders in Louisiana.

Personally, I like to target 30% equity retention in each deal.- Section 8 income isn't guaranteed.

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.

Quote from @Mathew Chacko: Quote from @Na Person:  I too was a little skeptical of sending a large cash payment to an unlicensed entity (1031 facilitators do not need a license).