They mentioned he is single and quiet which is ideal for a landlord haha.

There is a lot other consider here and quiet often its not worth it unless you have a large lot or plan to be there for another 10yrs - 15yrs.

At least you'll probably get most of your money back when the deal gets refinanced or sold.what doe sit mean they were going to sponsor you ?? 

The house sits across 2 lots in a golf course neighborhood (~1.75 acers in total). 

At that point it had been sitting for awhile so we ended up getting it way under asking!

It has to be a good area and for night shift workers a quiet location. 

Meaning the folks sitting at sub 25%, probably 20% DTI with cash still on hand to buy properties but choose to leverage.

if anyone could sit down at their computer and find the perfect fund or syndication where past results guaranteed future success then no one would ever lose money. 

I can't imagine the logic of sitting there and reject it all when they have been doing what I want to successfully for years. 

Plan was to do self storage; then found out the creek that sits a ways back flooded 5 years ago, not in a floodzone but all the locals know so self storage is a tough sell at this point.