Personally never heard of this scheme or way to set up transactions. 

I don't personally care about checks anymore so that wasn't an important feature for me. 

They specialized in concrete tilt up, but did a lot of time and materials work for a self made real estate tycoon who owned a lot of Federal Way.Along the way I got my CPA license and practiced in several differing sectors including doing some work with low income housing projects.As far as my start in RE, it was with buying my first personal SFR and later moving to a new residence. 

Quote from @Leonard La Rocca III: So is it common to find a conventional loan without meeting the lender in-person?

We also have installed SimpliSafe (and signs about ongoing monitoring outside of the property).As someone else mentioned, it is best to have a plan not to go long stretches without checking in person.

Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal. 

I'm a positive person like most of you probably are, and trusting, and the the way Peter Harris has his program set up to "sell you" is a thing of the past and something I would call predatory.

The only person willing to lend me money was Paulie—a guy who charged a point a week and always had a baseball bat within arm’s reach.

Quote from @Matthew Crivelli: Personally, I'm not a fan of Air B & B.

Personally, I believe it's preferable to have stricter requirements and wait for a qualified tenant.