This was not a complete rehab, we were keeping the main bath, moulding, and original dooors. 

@Dave Meyer had an interesting episode on the BiggerPockets Real Estate Podcast about 3 main resources when it comes to investments: cash, time, and experience. 

Hard money lenders have a good amount of flex when it comes to FICO score and typically the main issue that borrowers with low FICO's have is that their max loan size gets cut which doesn't seem to be an issue here.

When all the dust settles, and the  person searching is tired and discouraged and gives up, Jerry may not have bought  a single lot, but he's made some money from the training he sold you, which was his main goal from the beginning!

The main criteria is consistency with adopted plans.

Do you typically have a separate bank account for each property or do you have one main operating bank account? 

They have a payments 3rd party website, but it's hard to find the link from their main website. 

You should have two main lessons learned from all this.First: Tenant screening.

Price is often not the main or the only concern for the seller, they have other needs.

Tools like this helped us determine that retiring in the Memphis Metro area was good for us and has helped form our investing strategy, mainly SFR and some commercial spaces (flex, studios, small office).