Basically cash in the bank is a very good way to get an approval on bigger loan amounts or in general.

B class will be basically break even maybe slightly positive cash flow on a good deal with your typical 20% down payment and financing the rest with todays interest rates. 

But if they don’t even bother to fill out the forms to apply, or get a basic job to make ends meet, or borrow money from family or friends/ somebody else besides you, then they can’t stay.

Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

But it is still just VERY basic. 

This is a significant down side to me as a long term investor as it basically wipes out your cash flow. 

I quickly fired the VA and the cold caller because they were not the right fit and I basically didn’t even interview them.

Basically, flip partnerships suck unless you spend a long time being clear about the roles and payouts, etc.

I will also admit at this point we are comparing apples to light bulbs since RentRedi was only costing me $59 per month and DoorLoop will cost $200+ per month and for those that have a lower unit count and only need basic services the RentRedi cost should outweigh the beta tech.

You are basically saying somebody is willing to front the entire risk while you keep 50% of the spoils.