One key thing they are looking for are NSF charges and negative balances.

Many Real Estate Instructors or Guru's out there will charge you big bucks for their program and then once you have purchased their program, you find the system doesn't work or you never hear from them again. 

I've read about the premium they charge and the shoddy rehab in some cases and the lack of rental guarantees, etc.

I guess he got prison food instead of pizza.The rental business is full of unexpected surprises.

Owner finance (similar to contract for deed if that is legal in your state) is a good way to get out of your situation, with the possibility of making some money on the deal.Ask for at least 10% down and figure out what interest rate you would like to charge (depends upon their credit, I suggest nothing less than 8% even with impeccable credit.)You can use a mortgage loan calculator online to get the amortization table, and there are companies out there that will 3rd party service the loan and report to the credit bureaus for you.I suggest finding a real estate attorney in your area that has done these to structure it correctly for you.

The banks get more of a spread than that; these days you're lucky to get 0.8%, but the bank is charging over 3% on the loans.

For example, Heaton Dainard charges a $250 desk fee and only a flat $250 for each transaction.

I would imagine that rehab project would have a lot of risk as far as unexpected costs and vacancy rates.

They were very fair on their charges & I got a 3.875% 30-year fixed.No doubt about it, I couldn't have pulled this off without Mike H.

In addition to those fees some brokers charge a fee on each deal you do to cover the technology/office access.