It's rented now at $1550 as well, on a $540 mortgage payment (5.85% 5/20 ARM.)I estimate a net return of $5K yearly on each property after expenses (thanks, BP calculator!)

I have an offer from a lender that is currently asking for a 12% fee and in return they will provide my business with 60k in Funding. 

It would be easily rentable2.

Perhaps there is a misunderstanding with who's name the mortgage is in but this can be easily fixed on your books.

@Gary MontgomeryYour first year is going to be the most difficult because you will not have any tax returns as a SE investor, which is heavily weighted for bank underwriting. 

Here you can turn one year's tax return (or one year's contribution to a self-directed IRA) into a down payment on a new rental property. 

You can do a quick check on google, and just search "tenant law in MD" and it should give you the law pretty easily.

Even if all expenses and debt service cost 60%, you'd still have a 10% Cash on Cash return.

It looks like you pasted the marketing copy of a guru slide deck, removed all punctuation, and the scrunched it together:) I hope you put a bit more effort next time into your writing so that you have a greater chance for others to easily follow your coherent arguments. 

Tony will be listed as the contact on the appraisal engagement letter the lender sends out.I also recommend putting together a similar professional packet for your lender including the analysis, rehab costs, tax returns, personal financial statement, real estate portfolio and bio on your self.