It really appears that this was not properly explained when you spoke with us, so we completely understand why this would raise "red flags" for you.

Credit history is spotless with 3 credit cards and no other lines of credit.No debt other than credit cards which are paid in full each month.Looking for a property under 800k, so a non-jumbo loan. 

@Rashonda Montgomery I use just about any means necessary (within reason): credit card to jam a door, check all windows to see if they’re open, etc.

Get proper insurance, also if you did buy in an LLC you would probably have a much higher down payment requirement in the neighborhood of 20-25% as opposed to 3.5% FHA

one I can specifically recall was the seller went and told the credit union she sold the property promptly got a letter from said credit union they were calling the loan.. the others don't recall specifics.agreed properly collateralized investors this is a good tool... like guns or pitt bulls in the wrong hands its a disaster.. and when people teach this its usually because the buyer does not have the money to buy any other way and looks at it as low down way to get into the deals and they have no credit to borrow money.. for well collateralized companies like yourself or us.. its great tool.. for seller highly risky in states that allow deficiency judgements.. would like to think the buyer will just deed it over but that's not been my expeirnce.my experience with these going badwere gurus teaching sandwhich lease options on sub too.. in our state that requires a full foreclosure to cure.. now you have a lessee int he house who is not paying.. you have your middle man who ran out of money can afford to forclose or make payments.. you have the seller usually figure it out when they are getting late notices and their credit is trashed..

this is starting to become a self fulfilling prophecy.. for not reason other than the market is returning to balance. the risk in landlording is your units go vacant which did happen in 08.. or get run down and you do not have the funds to properly maintain them because you only have enough income to cover fixed debt.

Here are a few for you:Pros- Online account access- Online payments- Prompt responses to e-mails and voicemails- Good criminal background and credit checks- Actually calling past landlords, employers, etc.Cons- Charging a credit card processing fee- Lack of advertising (e.g. only posting the rental on the company website)- Lack of communication during vacancies (e.g. not providing me with updates on repairs, tenants applications, etc.)- Only using in-house maintenance (e.g. if your one guy can't get to something for a couple weeks then hire a contractor)

Wholesaling requires you to be able to properly price properties to know how much to offer and costs for rehabs.

Besides, how would you like to be the proud owner of a new tenant who had "properly cited information" expunged?

. ;^)A good HOA should have done this properly for fear of legal action.