A good PM can help protect you from a bad decision.

I like you can see stats on zillòw but many people are non responsive after you send the first communication.

I do not have a broker, but feel like i can use one. 

You could ask that they put a year or so of savings into a separate account on which you have view access or receive a monthly statement so you can see they have the ability to pay future rent.They aren't going to last without other income or savings with income at 1.25x rent.

Also, I would suggest going to DIG (Diversified Investors Group) as well as DPI (Delco Property Investors) as they are two local REIA groups where you can meet other wholesalers and investors.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

This way, you'll have access to liquidity without the headache of managing separate loans and fees.Predicted Refi Rates: While no one can predict rates with absolute certainty, the general consensus is that rates may stay lower or remain stable in the short term, barring any economic shifts.

Development projects can vary from a 1-lot Single Family home to 20-acre subdivision, to a 4-acre commercial site, etc. 

If you’re looking for a cash out refinance utilizing a conventional type of loan then you can certainly pay off personal debt.

Quote from @Jaycee Greene: Quote from @Zach Matson: I'm doing some diligence on a property that has an existing duplex, but I can build a small apartment complex on the same lot.