The reason I'm investing in Toledo is because I know the area, have some friends and family there to help if needed and the cost of entry is minimal. 

With a purchase price of $62,000 and a sale price of $86,000, the property promised substantial returns with minimal risk.

I want to see their experience managing other people's money (and which is much harder than just buying properties for personal investing purposes).2) No details on key things that indicate risk like co-investment, structure of debt etc.

I believe setting the precedent upfront solves what could be serious issues before they even apply by giving them a rundown on some of the big key aspects of what the process looks like a head of time.Big indicators are verification of identity and verifying the references for documents when needed.

Hi Isaac,Personally, I wouldn't recommend this.You should focus on growing your portfolio as in "finding the next deal, getting access to cheap capital, finding partners, strategy planning, tax minimization, etc..."

Rentometer indicates the property median rent at $1600 which is where I started.

Majority of investors do have minimal loan restrictions of 250k and above. 

You want to minimize taxes.Not only these are separate goals, they can pull you in opposite directions, so you will have to prioritize. 

The original post is choppy because he typed it on his phone and it clearly says I get low appraisals indicating it has happened more than once. 

However, landlords may subject the tenant to a minimal penalty which usually amounts to two-month rent.Both parties mutually agree to break lease agreement early.Either the landlord or tenant may ask the other party to break the lease early.