Hey @Greg Todrank Things have been moving along with it, it has been out of sight and out of mind for me and I am here now to make some changes.

However, I will say, BP seems to be moving away from it's founding principles.  

@Kathy Tran make sure the tenant is paying CLOSE to market rent.Do NOT be short sighted over a 5-10% difference.A good, stable, long-term tenant is worth at least 5-10% less than market rent.On the other hand, did you get the rent ledgers?

After all, if a fellow investor is willing to take unethical actions in a contract or against a buyer or seller, what makes anyone think this person won't also lack ethical principles when dealing with YOU directly? 

Any advice on what systems/principles work best?

The principle is the same. 

He said that by following his underwriting criteria I’d never experience a late payment let alone a foreclosure; that by using his one of a kind mortgage contract I’d eliminate all borrower rights in EVERY state and be able to take the property back without foreclosure; and that any tenants could be considered trespassers and can be shot on sight.  

I’ve never had to resort to cash for keys, and never will based on principle alone.

In principle, I don't recommend borrowing up to 90% of its value all the time, just because your equity will sometimes become greater than 10%.

That would include not only what you put in your pocket but also mortgage pay-down (principle). 2.