You can generally achieve better bank leverage and has a lower barrier of entry.

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

If all of them have a garage and yours does not that will either put you at a lower ARV then what you thought, or a longer time on market.

The house is in Woodforest though so rentability might be lower as well increasing vacancy risk due to high rental costs. 

Generally speaking, I think tech like this stuff and social media have lowered the barrier to entry, allowing people to take risks they dont fully understand, whether wholesaling. flipping, lending, etc.

A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return. 

You are generally going to either buy it at 95% of value or what is owed, which ever is lower. 

So it helps keep the turnover lower.

there was a follow up post where someone got a loan from them but for realistic rates  8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip  

I knew that was not true because I had paid $780 a couple months before on a property in the same area and also my realtor told me that her clients had been paying that lower rate.