But most other parts of Texas is a SCREAMING DEAL as compared to San Diego.  

When the tenant received the notice he flipped out, called me and started screaming at me.

Income: Scheduled rent: 57,600 Vacancy (8.33 - 10%): 5,760 ---------------- Gross income: 51,840 Expenses: Identified Expenses: 18,000 Maintenance/CAPex: 3,984 (10% of gross - 1200 already in your figures) Property Management: 4,147 (8% of gross) ------------------- Operating expenses: 26,131 NOI: 25,709 (CAP: 8.57% at current ask) Debt Service: 19,258 CFBT: 6,451 (537.58/month, 89.59/door/month) Not a screaming deal at <$100/door/month cash-flow before taxes.

-No name on CL account (not the end of the world, but when combined with other issues it's a red flag to me)-Email riddled with spelling and grammar errors-Looking to sign a lease this week-Emailed me 3 times on 12/1 and another time on 12/2To me, this screams desperation and almost certainly future headaches.

granite tile screams CHEAP imo!

In reading your post the thing that jumps out at me screaming is what your lender is saying about the refinance. 

in my world just depends on how good a deal I am getting.. if its a screaming deal I offer it.

Nothing from your post screams horrible deal or "too good to be true."

I have no doubt this company funds.. but I also think they are laughing all the way to the bank on all the money they make when newbies not knowning what they don't know think they have a deal but they really don'tI suspect to get funding from this company it has to BE a SCREAMING deal with a ton of equity.. if not this company would be taking huge risk..  

Check them out.Hey Bill - 100% agree but in this case I was getting pretty high quotes from the independents (i.e Safeco)Ended up getting Esurance to cover me at a screaming deal - $650/yr on a $300k property + no issues with up to 4 paying roommates.