This method is a good formula to quickly vet a deal, but not foolproof. 

It's not foolproof, just one of many underwriting criteria and risk mitigating steps for both the lender and the owner.

I'm confused though because you are saying we will learn how to do it but then you don't have the funding or 50% of a foolproof plan, maybe even less than 10% of a plan?   

This method is not fool proof, as sometimes people just create new companies to continue their poor flips, but sometimes you do find a property to avoid.

Nothing is fool proof I guess but if you believe that keeping the LLC on the deed at all times is the right strategy for you then just expect a higher interest rate or adjustable rate, shorter term, etc.

Hard to be 'foolproof' for a prospect with bad intentions. 

Not really a decent foolproof method because even if you were to change the method of how you collect rent at this point it would still be a change, it is just something that both you and the new owner need to be aware of for the first month or so.

You know that they will buy properties at roughly 80-82%.Obviously this isn't fool proof but it'll give you an idea of what investors are willing to pay in an area.

None of these methods are foolproof, but if you go this route you are aiming to make it more trouble than it's worth.Eyes on the unit: hire security to patrol the house; put up monitored cameras; put up cameras with motion-detection alerting; ask the neighbors to watch; station a guard dog at the unit (not recommended). 

Not 100% foolproof but it’s your best backstop.Like I said, I’ve done it