I suppose any offer would need to be contingent on obtaining financing......which may not seem like a firm/legit offer to the seller(s).Many thanks and successes to both of you for the mentoring!!! 

If you want to keep track of all your accounting and save time at tax time you might consider a full platform too. 

It's scary, but shows them you are legit.  

Even if he is legit his whole attitude should say do not do business with him. 

I wanted to do my homework and make sure they are legit.

We're probably about 2 years behind most of the other prominent funding platforms to date, but we're erring on the side of being conservative with compliance and are not taking venture money to get started.  

If you go the FHA route, do remember that you will be paying PMI for the life of the loan, so you will eventually want to refi out into conventional, which means either the value increases due to improvements you make, the market, or paying the difference.For anyone considering a 1031, you should really work with a Qualified Intermediary before selling the property since they know the process and keep everything legit.  

First - the attic mounted HWH should be on an elevated platform.  

Frankly Tenants would be the last place I would be looking for reviews.if you have not owned rentals .. my experience and its pretty deep having owned hundreds of mid west cash flow rentals.... is that a majority of the tenants in those markets are life long tenants.. while cordial its rare that you get praise.. the only ones you hear from basically are those that have complaints about this or that.. and I would say 80% of the complaints are from things they did themselves.. or their kids did.Now there are slumlords NO question about it.. and those tenants have a legit beef... but generally speaking I would not be making an investment decision on what tenants say about a management company or TK company..  

@Vani Sood, Certain trust deed holders or crowdfunding platforms may require that you be an accredited investor to invest in their product.