Years ago, I used to live in trashy student/low-end rentals, myself & I assure you: if the landlord doesn't care about the place, the tenants won't, either.

What can you do to assure you select the right tenants and in fact get what you need each month in the way of rental payments.

@Dawn Brenengen I agree with @Chris Martin Those numbers are extraordinarily thin - congrats if that was really your expense, but rest assured it is NOT going to be your long-term average.  

This information really assures the lender that you are not going to walk away with their money, no matter how many deals you have under your belt.

The lesson seems to be more about deal structure and taking steps to be assured that I have an out to take over the property if the original investor is not performing or have some type of collateral in position that will be used as a guarantee if defaults. 

I use to do this regularly to leverage the next deal, it gives the note buyer further assurances....I've also simply used the note as collateral for new money and kept the note and assigned the payments.

US Assure (formerly Zurich) has a pretty aggressive program in most markets.

Barring hard money lenders I don't know of any way to 100% finance a purchase and a remodel without using either personal equity or personal assurance.

You can absolutely syndicate without a mentor and without being in a "sophisticated" group but I assure you that you will get things done a lot faster and smoother if you are.

If its been lived in for seven years, rest assured it needs at least the lipstick items.If you're wholesaling, what do your buyer's want?