I've required rent up front for the entire period, proof of funds to ensure they could cover rent 3x for each month they were staying and a letter from their program administrator ensuring that the students were on rotation and were required to relocate after their rotation was over.

Unless you live in a state where deposits have to be kept in a separate account (google) I would open 1 business account and a credit card for the rental property. 

I think you’d be surprised what a difference having a hot tub could make to getting more bookings and a little extra revenue.

@Logan HartleI have done a couple like this and as Greg said the hard part is guessing what your future tenant will need. (# and size of offices, bathrooms,doors, windows, floor drains, lights, truck docks).If you make an educated guess you will likely still be tearing out or changing brand new walls and concrete, but if you leave it incomplete it is harder to rent.Plan on some extra expense for those tenant improvements.

And as stated above they must 100% give you a guarantee. 

Prices have dropped, with general admission now at $350 and a 3-day pass at $600.

(And as a conservative investor I personally would never touch any of the Cardone deals, for multiple reasons).Asking for total returns on this is like asking for the total returns of someone who invests in hedge funds (and expecting it to apply to your own experience).

Noah,I'm an Army Vet who started from 0 :)I'm currently a realestate broker for Armenta Realty (CA and AZ) and a mortgage loan officer in your neck of the woods.

Purchase price: $26,000 Cash invested: $26,000 This is a 2 BR, 1 BA, 901 SQFT home with a full basement and a 550 SQFT attic on a large 7,500 SQFT lot.

Most lenders do have similar processes.Most of the people who will advertise their services to you here on BP are brokers for direct lenders.Most of the Brokers on here charge an arm and a leg for their services which is the reason why, initially, I did not utilize private lending.I'd be happy to recommend the Broker we use who is great at what he does and is very reasonable when it comes to the commission he adds for his services.We do a lot of investing just outside of Charlotte in the York, Chester, and Lancaster Counties.