Borrowers should always shop around, especially in the hard money space where it is so easy to quickly get preliminary terms over the phone.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.  

But I don't think I fully understand the law surrounding this and the actual ways it should be used.As I understand it, this is what you could do with such a clause if you are buying a property and the seller is financing it to you:As an example using easy numbers, you could buy a property through seller financing for a price of $100,000.

I know lease prep is a pain, been working on them and there are lots of new regulations and it would be easy to screw it up. 

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.

Easy climate is not the same as more coastal San Diego.  

I have a few follow up questions:1) What's an example of "get referrals and cross reference them to get as much accurate information as possible"? 

Exactly.  20% down financing for investment property will not be easy but if you have a W-2, maybe it's possible. 

@Andrae S Wiggins recommend you upgrade your BP membership to Pro to access the BP Calculators to evaluate rental purchases.Play with the numbers to figure out the purchase price that gives you your target ROI.That's the number you'll need to make an offer at, NOT what the seller is asking.Yes, you will get a lot of rejects, but whoever said investing was easy?