The general investment profile of recent investors are second home or vacation home buyers, typically from out of State or area, and looking to take advantage of the diminishing benefit of the 'STR Loophole' of accelerated depreciation to offset high W-2 wage taxes. 

Typically, people will quit claim deed the property over into the LLC's name knowing that they run the VERY small risk that the lender could call the loan due using the due-on-sale clause.

If I can purchase this property smoothly and it all works out then I know he will be ready to start selling me his other properties in the same fashion so that his trust just receives a monthly cash flow payment from them instead of his family having to deal with the properties when he's gone. 

When I run numbers most of the deals don't work for me, and the ones that do typically end up having more problems than I have money or someone offers more than I can.

In today's Wall St Journal- Fortune Favors Early Movers in America’s Property CrunchInvestors willing to buy buildings when everyone else is running scared typically get the biggest rewards.

If people receive help, mentorship and guidance with someone with experience, then I would say that is a little more valuable than reading about a topic online.  

This way you can live in one unit and rehab slowly and not having to rush as you have a locked rate unlike when using hard money its only typically good for 12 months depending on your terms.

Make sure the money you receive from rentals pays for all of your out-of-pocket costs, such as upkeep, insurance, taxes, and mortgage payments.Underestimating the Outlay: Add up all of the costs that come with owning and operating rental properties, such as capital expenditures, repairs, vacancies, and property management fees.

I get them weekly, typically 20kish in reno.

Typically, to qualify for loans when contract or self employed, you need two years of tax returns for a typical loan.