The more you have saved, the more options you'll have.The road won't be easy, but it will be rewarding in the long term.

Risks and rewards to this type of tenant? 

No risk, just reward—whether for personal deals, joint ventures, or simply passing along awesome prospects to each other, I’m always actively prospecting for new deals and sharing them with my network.Let’s collaborate, learn, and grow together!

You will gain the rewards down the road.3) You 'should' claim rental uncome from any source.

Like many things, on the other side of sacrifice, discomfort, and hard work is a large financial reward. 

I agree with @Connor Hibbs's comment on terms for first time flippers and if this is something you want to start doing more frequently I'd look for lenders that offer some type of rewards program to gain better terms through doing repeat business.

I don't understand how any think stating they were party to fraud somehow empowers them to a reward. 

You have to enjoy and reward yourself sometimes.

(ahem, pointing at one @jay something-or-other in particular); the more valuable commentary, however, is the candid feedback about the risks taken with Morris Invest and whether the risk has reaped the reward -- or not. 

Some of my clients love the cash flow in the east side neighborhoods over by Slavic Village and Broadway selling between 90-110k with rents up to $1,800+, but just really depends on the types of neighborhoods you're investing in and your risk / reward threshold.