Low-risk tenants pay equal to one month of rent.

Go HIGH not low!!!!

I don't think I would advise anyone do something or not do something because it might be a "red flag" - yes the IRS has plenty of red flags, but the audit rate on most of these issues is so comically low, that as long as you have a legitimate position - take it, don't not do it just because it might slightly increase your chances of an audit. 

(We recently had our first foreclosure.)This wouldn’t work if we sold our notes, were running a fund, or taking on investors.

But if I start contacting real estate agents about investment properties when I do not have the funds ready, what value do I provide to the real estate agent.

If I had the funding and the opportunity arose I’d buy as many rentals as I could given your scenario.

Is this a low income property?

FICO as low as 640.

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.

I found Charleston in 2012 when one of the fix and flip gurus I knew wanted me to fund a fixer for him on Ashley st.