Ask yourself if your actions today are getting you any closer to short/mid/long-term goals.

Keep in mind that any initial rehab costs are on you until you get your first draw.If you can get work done quickly, some lenders I’ve worked with can inspect the property the next day and wire funds the same or the following day.

Even when we got ours transferred, they were super strict when it came time  to an inspection.

You identify the problem (lack of deposit) during your inspection phase, then hit them with an objection that requires them to pay you a deposit at closing.

Lots of fakes out there so be careful.And its not so  much they will steal up front money from you.. but you waste time and money finding a place thinking they are going to fund you put up non refundable EM spend money on inspections only to have your deal die because you got with someone who cant fund or never could fund. 

Looking closer I can see why someone may feel that way. 

The biggest thing I have encountered in numerous inspections is chipped or flaking paint in pre-1978 homes that have children living in them.

After multiple quotes, some great advice here, and an engineer inspection, we decided to repair the foundation with an external pier system.

I also think you can get 6.5% interest these days so that should be closer 30k a year for P&I.I just don't see how you can lose money like that if your gross rents are 100k on a 500k purchase price and you're putting down 20%. 

If you do all that and their inspection on their purchase come out okay, you will not have a problem.