I'm getting to a point where I might want to pursue a lender for future investments but am trying to understand how these lenders choose people to work with.These types of lenders are called "Hard Money" because they are not betting on the borrower. 

But I'm almost exclusively sourcing them off-market.

Use private money lenders and choose a conservative market.

If so, you may choose to simply add it to the lease as being damaged at move-in so the tenant doesn't get charged for it when they leave.

You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

If there were other issues though, be aware that they could choose to enforce this minimum at any timeMore recently, the city has created a rental database with contact information of all active rentals in the city that law enforcement and city officials have access to.

Their strategy is very different from most, as they almost exclusively work with investors.

No appraisalI realize I don't get to choose the terms when using a white label service but I'd like to get close until I have my own funding. 

No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Hi Ryan, like @Nathan Gesner mentioned, it's important to be selective when choosing people to partner with.