Just from the limited info provided I know I wouldn't work with them.

@Adam Dobbins I buy mostly in ocean view, but inventory is limited at least compared to the prices that I used to purchase it for.

I know banks that will do conventional loans with no limit but not portfolio lenders.

Ultimately he agreed to pay for the credit check and background search and I approved his application despite his borderline credit score and marginal reference from his current landlord.

So once the three years for the original loan is up the bank will assess the property and from there will finance your new loan hopefully at a lower interest rate if your application goes through.

I am always available if you want to grab lunch or a coffee to talk about real estate and/or partnerships.I can give you my insight which is that working with a partner can be great but even with two of us we have found our biggest limiting factor in deal flow is money.

She may have lied on her application but I don't think that's important.Tenant put money down in September and has already moved stuff in but is not living there.

There is too much risk, cost usually are higher especially if its is a higher end home with repairs, fixtures/applicances, using a realtor to sell the fnished home and wait time.Normally a flipper has to make at least 25k. 

Once it's purchased, how will you market, screen applications, and deal with problems like late rent, lease violations, unauthorized pets, etc?

I’m a newbie and looking to get into the REI world, starting off by learning before I make my first purchase (either a rental or flip).I’ve only heard good things about the community and I am looking for education and tips, while limiting risks and avoiding huge financial pitfalls.Thanks in advance, and I am looking forward to this new adventure!