Reading success stories just further confirms I am headed in the right direction (or right direction for me).

Confirm residential history and communicated with the current landlord/manager?

The other important factor to look at is the amount of reserve capital that the sponsor is raising.

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I’m a student in the class of MF Mind Set, the last review mentions that MFCP can not do business in Texas , has anyone confirmed this to be true ? 

I highly recommend knowing what your rehab cost is going to be, add a reserve amount and make sure you know where those funds are coming from.

If I jump to the end of this story first, I will tell you that at 7% interest and high market values, very little cash flows well when you take into consideration principle, interest taxes, insurance, and a $100 maintenance reserve… at least where I live in Florida - but we have really high insurance rates.  

I flew in unexpectedly to confirm and subsequently fired him. 

You are not required to pay upfront costs (and shouldn't, in my opinion.)I require written verification from utility companies (water, gas, electric) that utilities have been assigned to Tenant effective the first day of occupancy; no confirmation = no keys and lease approval withdrawn).

The more you can put down typically the better. you also though want to make sure you have enough money in reserves for rainy day - such as a hot water heater breaks or something.