They strategically avoid speaking to customers and offer support via online chat to a non US based helpdesk.

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

Absolutely no screening activity involved whatsoever other than these non-fair housing related mentions. 

Qualified renters can opt to pay a non-refundable monthly fee instead of a traditional deposit.

He is doing this with all investors money and non of his own.

You cannot just casually start this medical expense plan, it's not an IRA.

If you can set up as a non-profit you might get foundation/grant funding for you initial capital.

In fact, someone just called me last week and had a non-performing rental package that they purchased in the same fashion and the prices they bought at, considering the actual condition and historical performance of the properties was too high in my opinion. 

I'd stay away from Del Toro for non performing notes, especially.

Don't bring up lease violations and other things that have nothing to do with the non-payment of rent.