The goal of the first 3 deals will be to target 1-4unit styled homes, requiring minor-rehab.

The Bylaws don't have written restrictions on rentals.

The way their contracts are written, if you terminate they can keep all money paid to them.  

And it would be nice to have the disclosure language spelled out.

they are a non accredited pay to play orginization.. while they do some nice meet ups and have basic info.. does not mean that any lender that pays to be a member is a better lender than the thousands of us that are not members..

I make sure they're well insulated, have replacement windows, spend more on nice flooring that looks great (plank style / wood-look porcelain tile, hardwood or click-together LVT planks, not peel-and-stick squares). 

Nice job closing that first, but don't rush.

You can still buy plenty of things in nice college towns that make money. 

ThanksBrett, we do flips and rehabs and have several lenders in the area that specialize in ARV "style" loans.

The other thing that was nice is that you can pay the loan back as soon as possible but they didn't allow extra payments.