We also try to keep a few hundred thousand in reserves.  

Looks like the founders are trying to raise funds for their legal fees. http://www.gofundme.com/nwaclubLegit or not, I've deciding to pass on it. 

But overall I am willing to try because the prices of homes in that area are extremely cheap compared to what I'm used to in Jersey where I live. 

All changes MUST be in writing.

Why not sell it and try again at the new location?

we have investors who are trying to decide between long term rentals on new builds and short term rentals on new builds in midwest markets in urban adjacent core neighborhoods. how are yours performing?

They will have systems in place to find off-market deals so you can analyse where the numbers are more attractive for you.You can also try the wholesaler list method.

Try to put a bigger down payment in than you might need to give yourself some breathing room.2.

I am trying to get more direct to seller leads as most my leads come from other wholesalers who don't have buyers like us.

Doesn’t hurt to try.