That seems a gross oversimplification that can result in bad returns.I've personally invested in some low cost markets that gave me great cash flow and above average appreciation.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

Will it affects their credit if they don’t pay me?

Used Uncle's Line of credit available.

@Ethen Royal, credit reporting doesn't help you collect anything.

My house came with a home warranty company that sucks so bad they caused more problems than they helped with and I've had to pay for all the repairs that were covered under warranty anyway. 

Sifely isnt a bad middle tier Kwikset for basic but gets the job done

In December she asked  to paint the inside of the house and change the flooring (Its not new, but its not in a bad condition). 

My credit is 790+. 

.), i can see how agents got a bad reputation, and not just because they are sales.