If the insurance isn't done properly, it's on the edge of impossible to cash the check because it's made out to the lender, my company, and the seller(s). 

What made you interested in investing in this type of deal?

Hope that question made some sense.NikNik, with all due respect to whoever gave you that advice, I disagree. 

Some of your requests may fall outside this manager’s standard practices, and customizing services for each client isn’t practical for most PMs.

Here's a post I made on "non-conforming" vs "illegal/unpermitted", understand they are NOT the same thing.

Income should be at least 3 times as well, otherwise they'll most likely move out when you up the rent (I made this mistake once).

JD made some solid points on structuring the agreement etc. 

Publication 336 (cash method section) gives a clear example very similar to the situation described where constructive receipt was made because the agent of the taxpayer received payment for the taxpayer. 

Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

Also not all deals on FB are bad deals - they just need to be vetted like every other deal.Note: This post is being made based on my opinion and I was not under duress or a threat of lawsuit.