You don't even have to follow Fair Housing (FHA) laws, though I wouldn't borrow trouble and say that or tell someone they've been rejected for a reason related to a protected class. 

Most of the lenders I spoke to early on in my investing career wanted me to have either fairly high liquidity or substantial net worth.

This was actually fairly effective, as tenants could connect the dots between high utilities and an inevitable rent hike. 

I always went above and beyond the typical agent duties by getting very involved in the due diligence, dealing with county/ city planning and zoning etc, for two reasons, because I loved it and to help ensure my deal would go through by providing as much information to my client as possible to help them make a quick and intelligent decision.  

To be fair, they made me aware that $2350 would be refunded after completion of the first deal.The other $650 is the cost of 2 appraisals that need to be within 10% of your ARV on a property in order for them to fund the property.I would also have 24/7 access to advisors and a plethora of listings “right in your own backyard” to choose from.

When you Rehab a property you are trying to get it to a condition that it will appraise at the current Fair Market Value (FMV) for similar properties. 

I always went above and beyond the typical agent duties by getting very involved in the due diligence, dealing with county/ city planning and zoning etc, for two reasons, because I loved it and to help ensure my deal would go through by providing as much information to my client as possible to help them make a quick and intelligent decision.

What is a fair way to split profits on this transaction?

I lead a team of analysts and work very closely with my executive leadership to ensure the growth of my company.

That said, ensuring that you have some capital in reserves is necessary.Not likely to increase rents much in our market by installing home automation.