I'm currently doing the exact same thing with a vacant house I recently found in an otherwise stellar neighborhood.

You need good, actually stellar management or buy local and self manage.

A bad PM can turn a great buy into a lousy return and a good PM can make an average buy into a stellar return.

Hello so here's what I'm (a general contractor) working with:The Deal:$20,001 for the purchase of City of 100,000+ residents / majority low income but plenty of opportunity including financing the construction from the government9 parcels of landARV (As is): 63kARV (with improvement based on comps): $700k - 1.4MM 1 commercial warehouse - 7000 sqft, undisturbed since it went vacantARV: $50k1 SFH- 5br/2ba - 20k sqft lot1 duplex- 5br/3baestimated construction - $30kThe business:1 year old$200k revenue - $33k profitEstablished trade credit but vendors never reportedExperian grade - BNo debt$6k in outstanding invoicesPersonal:Less than stellar creditTrack record of successful ROI for partners and private lenders (family)Have a credit partner who will be completely silent Credit Partner:794 credit scorecurrently has 11k credit limit0% utilizationSo in order to do this my plan is to:Increase credit partners credit limitsAdd me on as an authorized user to help raise personal creditEither do a business line of credit, hard money, non-recourse?

The app and website is extremely user friendly and they have super stellar customer service.

For Example if they less than stellar credit but no delinquent accounts and collections there score will show that. 

It might be in my best interest and that of the tenant to say YES.For example:One of our stellar tenants had applied to rent one of our apartments.

Anything over 20+ days would be 'stellar' as compared to using as a traditional rental.How much cost do you end up seeing for disposables (and other things) 'walking off' over time?

I think that unless youve got a stellar proposition your gonna be mailing to a bunch of people that have already got mailed too and now how do you win them?

A finance source will generally gravitate to a fair-to-average deal that is managed by a rock star than to a stellar deal that is managed by someone who would screw up a two car funeral.