Roofing contractors generally need to see the roof,The height off the ground, pitch, number of ridges, guttering, dormers, number of chimney and stacks all are considered, with tear-offs they want to know if a truck can back up to the building, shrubs can be in the way, do they need a dumpster?

Definitely would need to know more about the process and what's expected.Possibly templatizing this and follow up with metrics would be awesome.Thanks for pitching in - definitely something to think about.

I do see the use of requiring a minimum credit score because you can minimize your risk with someone above a certain score, which gives insight into how well they manage their money. 

Association fees are minimal. 

The IRRRL sweatshops don't have appraisal departments, don't know how to calculate income, don't underwrite, don't even have to run your credit if they don't want to, have minimal compliance expenses, etc etc.

Without going into too much detail, I hope to get at least $20k in instant equity because I won't bid any higher than that margin and assuming minimal rehab costs because I've seen interior photos.

He might be willing to pitch in for that.  

What we are looking to do is have several LLC's established to separate everything and minimize exposure.  

Go to REIA meetings that are not about sales pitches.  

Now on the other hand, if you're just going to tie this one up with $100 earnest money and try to wholesale it, then your risk is pretty minimal.