He had no losses and lead me to believe I would get my deposit back initially.

It’s very common since it’s considered a business purpose loan.

I highly second @Kwame Amoako and recommend starting with a off market direct to seller campaign to generate some leads. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Either way we, in the simplified model, expect interest rates to lead to stagnant or falling prices.

I'm working a lead and the seller gives me permission to visit the property after confirming a time with the tenant.

.- Selling now would give you immediate cash to reinvest or use for other purposes.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable

Many lenders see recent transfers as a risk, which could affect your terms or lead to a denial.Regarding taxes, changing the property's ownership can have some effects.

1000% consulting with an attorney this question if protecting assets is the key purpose here.

A purpose-built LI policy can do so much and still enable RE investing--when, like you noted, it suits the needs.