Wouldn't give it a second thought. 

I've been a member here for 2 years and thought not only could my colleagues share their insight but since I found the lender was also a member here that if he was fraud it would be awareness to others to beware.

You will hear from folks who do really well in CA so take my thoughts on CA with a grain of salt.

I am able to find places that are hitting the 1% rule.I look forward to more thoughts on this areaBryce

As to my false statement - if you re-read I also said "more than likely" and "can't say 100% bc I'm not a builder" mainly to be transparent that the statement was my thoughts and not from any personal experience I had. 

I have done things with attorneys, CPAs, stock brokers, insurance brokers and others successful in business.General business knowledge, understanding of financing requirements, knowing property valuations, maturity in personal financial matters to give general advice, understanding of the foreclosure process, legal aspects as to liability in leading someone into financial matters, fully understanding fraud issues and the differences in a general matter where fraud might be applied as generally thought of and what may constitute bank fraud causing or even attempting to cause a loss to an insured bank having different standards.

Both are lengthy processes and while the fact pattern is favorable on your end are you prepared to possibly wait years for your capital to be returned or take title to the property? 

Be prepared to adjust the price if necessary to attract more interest.Prompt communication: Respond to inquiries and messages from potential renters in a timely and professional manner.

Kind of thought that would violate Fair Housing Act.

All other thoughts and advices would be greatly appreciated it as well :)