In the original webinars for this fund, they told them they would return all capital in three years. 

Typically max leverage is 70CLTV - very higher Prepayment penalties and be ready for rates north of 12% - I answer this question all the time.

they make money servicing not originating new loans. 

I would call or email a specialist in FIRPTA such as "Tax solutions FIRPTA consulting" in Katy Texas, since they can answers all questions about the law plus investor friendly lenders

The short answer is No, you don't need it.

The number one problem with RentRedi is the total lack of customer support and yes with Intuit you will have to talk to an oversees call center but every question I needed help with got answered and all problems got resolved.

I was going to look over your numbers for you, but can you answer a few questions:* In what zip code is this property located?

Put the answers together and post on Classifieds Forum.Feel free to post answers here for additional constructive feedback:)

@Cody Caswell there's several things to ask about here that might not be answerable in a forum:- Why do you need an FHA loan?

Answering your question is hard as this is a pretty broad question.Sourcing deals.