Doubles in Irvington (good parts of irvington) perform very well.  

How Are You Performing Your Tenant Screening?

If your one lender bets wrong on the direction of rates or underwrites a large non-performing portfolio they could get a hair and start doing weird things.  

However I don't want to be spending my time doing non income producing task just for the sake of staying busy.Having less than 2 years of rental income I am unable to use my current rental income as "income".

Usually, when it's just a dispute over a deposit, and not an action for specific performance, it doesn't hinder the resale of the property.

Or maybe perform for a year or two and then no performance... 

Did you perform regular inspections of the property?

Hubzu uses offshore help for all of the administrative tasks during the closing process- Very tough to understand ( verbal or written )-- Make sure you use your own title company.

I would advise you begin to make connections there as well.Another thought on this project is, can you volunteer to be part of the rehab effort either for pay or free so that you can learn about what it takes to perform this kind of work and get a birds eye view of the standards this other investor operates by??

Gotta get some momentum, and some cash flow now so I can broaden my marketing scope and move toward building a team (outsource tasks).