The key is that you have to buy with cash or borrowed money at great prices and sell at full retail offering "Seller Financing" to folks that have a decent down payment and can demonstrate the ability to pay!

Most states have the ability to convert to real property but that doesn't necessarily solve the financing problem

.#4  In todays elevated market, but sellers have stopped over bidding, stopped bidding on less nice houses has created a great op for folks with cash and ability to get bank loans. 

Don't take money out of their deposit-send them a bill. 

Previous landlord references, evictions, credit scores and sufficient income (over and above their voucher amount) to show their ability to cover their part of the rent if applicable.  

Often times we have the idea that we can just jump in and win, and as good as it sounds, short-term success and luck may not be good enough for the long haul.Having the right mindset is knowing the inner you, what are your strengths, your weaknesses, and your ability to persevere until the end.Skillset is a must, knowing it will take hard work, and being an asset and not a liability, all the which will take time and consistent effort to continuously move the needle closer to our desired goals.Having goals set, a planer made, getting the right knowledge, and following the course until it is complete.There and many distractions as well as many excuses, all of which must be overcome.From one student to another, stay vigilant, and consistent, and never quit.See the end from the beginning and it shall come to pass.Back to the books, and to our success, blessings, and prosperity.One Building Block At A Time! 

I downloaded the app and it works smooth, and has improved my ability to capture info for houses we want to market to. 

Also, why telling some con-artist that I actually plan to stop his future frauds and notify his victims and help them is illegal and bad and should be considered "threat"?

Your location has the ability to triple those rents; it just takes time and work to build a system that will do that.

It also puts me in a poor situation because:a) It affects our relationship based on the decision I make here- If I say NO, then I look like a jerk and he may not want to work with me in the future (I like him enough in many other ways where I would still work with him)b) It affects my ability to operate & grow- Asking for more money obviously puts financial constraints on my ability to invest and maintain financial security over the portfolio.