It is bad enough that tenant can completely fabricate reasons why he will break a lease when there is no prepaid rent in the picture, and this only gets worse and more common if in fact the tenant has more at stake.

PM has already excepted a deposit on a tenant.I'm excited to get started and also to continue meeting you all here on NO.Sorry no picture yet.

Do you have any before and after pictures of your flips?

I have included a few pictures.

Doing some rehab is generally one of the more common ways to do so.One other item to add, when analyzing a property in a hot market, looking at cash flow and cash-on-cash return alone doesn't give you a good picture.

Cash flow while important is only a small portion of the whole picture. 

Pictures and notes 

For $75 a month I would ask them to provide you interior and exterior pictures of the property from each visit - and they better be visiting 3x per month if not once per week. 

With 10-15 cars in the yard, septic over used... you get the picture. 

A clear picture to your end goal will help define your steps forward.