Speaking only for the market I know, he could use $120k to put 20% down on 4-7 props (avg value of $100k here in Bham for solid B/B+ cash flow props) plus closing costs. 

Point out your concerns and speak on how you are concerned with the lack of showings and what he plans to do to increase the visibility of your home since you feel there should be more traffic.

If you can keep the same rental amounts, but change it to monthly billing with a decent quality of tenants you should be good to go.

Ask to speak with some of their current owners and current/former tenants.

@Brandon Turner No hard and fast rule as this is dependent on your lender, personal risk tolerance, market, property type and tenant quality (among many things). 

We all know that we are paid by the value that we bring, so focusing on being a quality agent is key for me.I've found a way to get addresses for entire neighborhoods in Lexington county without paying for them.

Personally speaking, I'm not super happy about that limitation but I can work with it.

These guys own 5-10% of the MLS leads I'm marketing to and a good amount of seller's I speak to are less motivated because they have an offer from Opendoor/Offerpad, etc.

maybe we are both speaking from anecdotal experience. best thing OP can do is talk to lenders and find one that will make this work.

Just quality networking.