And with 1st liens, our warranty works the same way but some investors choose to keep the property over getting their money back, so our buy back rate can even be lower with them.

You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.

Use private money lenders and choose a conservative market.

If there were other issues though, be aware that they could choose to enforce this minimum at any timeMore recently, the city has created a rental database with contact information of all active rentals in the city that law enforcement and city officials have access to.

No appraisalI realize I don't get to choose the terms when using a white label service but I'd like to get close until I have my own funding. 

I can refute your reputation, I can refute you who you fundraise from, I cannot refute a truly quality deal.

I recommend teaching him basic construction and property inspection (4-point items); 'lipstick on a pig' can kill an investment and reputation faster than anything in this business.Best...

Just choose somewhere in the mid west were 200k buys you a very nice livable home.

I'd suggest choosing an area that looks like it has potential and then spend your spare time just driving around.