Save your seed money and invest in a different program if you need the hand holding.

Luckily I was alerted by a colleague that he was a total scammer before I invested much time in my own due diligence.

After experiencing first hand how difficult it is to handle lower tier neighborhood sales, why even consider renovating the remaining properties? 

Look at thrift stores and second hand items for some thing-get sturdy things in good condition. 

then MLS feeds to all the SM sites and agents can filter through the responses or if it my own property like here in Oregon with our subdivisions I handle the first calls and then qualify them once done and appointment set hand it off to the closer ( my wife )  If I get a ton of E mail request for info I just tell them they need to come and look first.

Let's say total equity raise is $1.7MM and the LP's are not guarantors in the value add deal.

@Minji Kimhi. i was glad to see you're looking to try to stay hands-on. 

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

While I am totally new to this venture, I am driven by a passion for investing and the potential it holds for creating financial freedom.

It sounds like you’re off to a great start, and I totally get where you’re coming from when deciding between an online bank or sticking with a local one.