Not only are the rent to value ratios the highest in the US but as aforementioned the massive appreciation potential and positive growth trending have been hard to not notice.

I also found a property manager, an agent, a bank willing to lend on properties that don't require a massive amount of rehab, and two possible contractors. 

Take Warren Buffet his #1 rule of investment is never sell #2 is to invest in companies that offer value.

There are some massive holding ponds off of cervantes Street and others.

You have class A tenants throughout, massive appreciation, and beautiful real estate.

You could try a massive whole-house dehumidifier, but with any kind of heated space this is going to be a constant battle.

I know you say its a trusted source but for someone to ask for 2nd position from you and have very little out of pocket, it seems they're focused only on their risk, not your risk....If there is going to be massive equity in the deal, I can somewhat understand a scenario where I might would ask this from a lender, but in general, this seems like a red flag.

Like a massive porch with timber details etc.

Actually, it's mainly a massive disadvantage:  it is a more complicated, risky, and expensive path to owning that house.  

Needless to say they were doing a terrible job but we saw massive potential.