If you gauge from the conversation that they happen no to need money immediately or at least not all of it, then make a pitch about 1) the tremendous tax break for them and 2) a higher interest you'd pay than what they can get in a bank.

Put a waterproof membrane between the concrete and exiting brick, as well as frame with pressure treated lumber where any chance of moisture may occur.

@Jessica WoodI bought one like this and instead of eviction I offered cash for keys there were two families living in it so I gave them each 700$ 1400 total, got them out quick, lol.But you have to be a good talker and be able to gauge the situation, some people are hostile some are understanding and willing to leave..

Where is the pressure coming from?

Rent based on comps would be right around 1380/mo with pets as a possible addition to that.I'm actually looking to have the basement inspected by a structural engineer as they aren't as bowed as a lot of the similar houses, and I've done a ton of regrading to reduce hydrostatic pressure.

Not sure how a competitor could use the number of units to their advantage.On the other hand, the number of units under management is not the best way to gauge a company's level of experience.

Good group of people...not too many high priced high pressure guru sales pitches.There is also a group in Hurst I like. 

Framing and carpentry could be valuable when gauging projects as well. 

If you can do that then you have the peace of mind of a 30 year terms loan, no pre-payment penalty so fix and flip is ok; fixed rate based on you credit score, maybe 5% today and no pressure from a Hard Money Lender to rush the fix and sell.

Try to be as efficient as possible during your screening process -- this may mean that you need to include certain questions to gauge whether or not an applicant raises any red flags for you.