That would be the highest cap rate in DC, making this property unusually cheap...and theres a reason for that even if its not easily evident.

Not to mention if you do it wrong - you die, literally or at least burn your house down and when it's investigated (and it will be) and your insurance company finds evidence of arson (and they will) you're not only going to get your claim denied, you will be liable for the damage you did to the tenants contents and endangering their lives.

If a tenant flips out on such, that's evidence right there of there inability. 

Contact the manager immediately and demand he provide you with evidence of income/expenses within one business day.

Hi Greg,thanks for your reply , there was not much evidence because contractor didn't communicate with me ,text or email ,none.even the scope of he provided was difference then the first one I submitted and aprroved by hard money lender. he manupilated the contract 

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else.You also want someone that knows how to write competitive offers with favorable terms such as:-short closing times-avoid as many contingencies as possible-walk through the property beforehand with an inspector so you can write in an offer without an inspection period-cash > hard money > conventional financing > FHA/VA etc. financing-provide a reasonable amount of earnest money within a few days of going in contract-talk with the listing agent and provide evidence to build confidence in the selling side that you are serious and are planning on closing with the terms provided in the initial contract-be flexible with the choosing of the title company.

They need to pay the Holding Deposit or Security Deposit at the time of approval so I have evidence they are serious.

Here are some high-level takeaways from Powell.He seems to feel rates have not been high enough, long enough right now, and evidence they are not restrictive yet.

Documentation of Services: The CPA may ask for evidence of the services you provided related to the properties.

I will not engage in arguments because I know I'm right, I know I'm honest and fair, and I have the evidence to back it all up.I manage nearly 400 rentals, have 14 years experience, and I have never been sued by a Tenant over a security deposit deduction.