Nice post there was a thread on Do hard money actually been many of them. they will actually fund 100% but you need to pay them a 3k fee or there about up front with no guarantee of funding then its something like 650 per submission according to those who have tried it and posted on BP .. so many of the folks posting on the thread about the company paid the up front money 2 to 3k the 650 submission fees a few times and the deals were never good enough in the eyes of the funding company.. so there you go out 3 to 4k and time and effort.. some on top of it some  were naïve enough to put down non refundable EM with a wholesaler and lost that as well.its quite a model... little to no down side risk and prey on newbies who are the most vulnerable and want to get into the game and I suspect most of them even pull the 2 to 3k fee off of credit cards.So what do you have1. newbie  ( does not really know what a deal is yet2. limited capital but burning desire so they risk the 2 to 3k3. only a screaming deal gets funded as you stated.. newbies generally don't fall off the truck into screaming deals.then you have on the internet  what I call pump and dump due diligence scammers  these are flat out crooks of the Nigerian prince scam mode.. promise you 3% loan 100%  two e mails and your approved.. broken English just need 500.00 to move forward...

In the P&S contract, you put in the contingency clauses.If you owned MFR's, you'll have to respect your tenants, and some tenants are very particular, Some only allow visitors when they're there, though I have a clause in the lease that allows entry in emergencies.

As usual it takes buying in the right spot and finding or making the deals, not hoping for a screaming deal on the MLS. 

If you think you see a screaming deal and feel it is what will work best for you then do what you think is right.

If I have one more Client ask me if they should set up their small business as ten different C Corps to reduce the taxable profits in each I am going to scream!

My end goals SCREAM syndication but I can definitely obtain them w/o.

Roof rats often come from fruit trees (food source) nearby that they then crawl to the roof line and enter the house from vents and open areas around the roofline and/or foundation line.They are are a pain for Tenants as they scream and howl at all hours, especially at night. 

Any nick exposes the light bare wood and screams.  

The cash flow per door was a little weaker than what I wanted, and while the area might be improving, it's not clear the path of progress from downtown is going there, and I wasn't comfortable with the risk.Like @Chris Mason said, if it's a screaming deal all of the above might change, but I just couldn't do it.

In my market, 2% would be a 'screaming deal'.