He is a wealth of knowledge on the area and is actively investing locally as well.

Some banks are actively looking for the non-conforming loans. 

There are a handful of active agents here on BP in the Portland area (including my business partner and I) who would be good places to start.

Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option. 

I mainly was curious about what legal grounds we have in order to proceed, since the PMA doesn’t specifically state “agent won’t grant criminals unsupervised access to your vacant property”, I figured that was just given!

Personally that is what I wanted, an active mentor. 

Every adult should be fully screened to ensure you aren't renting to a violent criminal, drug dealer, etc.

You can look up comparable rents on active zillow for rent listings or on Rentometer.3.

There is something called CCAP in Milwaukee where with the tenants name and DOB we can look up and civil/criminal court cases.

It's been a long-time dream to do a new build and so I'm actively working to find land and begin the process.I agree that the profit margin you post seems very small.