There is no way to really get an adequate perspective because there will always be a very wide variance of thought processes.

My advice would be is to talk to multiple investors who have real world, actual success-based experience in flipping over a sustained period.

Wholesalers drag out the process if you go with a bad one. they are not buying the house. they only want your signature.

I have not had an issue with the claw back scenario and if I did I would IMMEDIATELY begin the eviction process which I would then pursue relentlessly.But alas, some tenants use this trick after they have vacated your property. 

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly? 

I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.

But I wouldn't worry as long as your filings said successful.  

His goal is to diversity his money as he's been very successful in another business.

I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.