They suggested just going ahead and doing a rehab instead, possibly with a property management team.

IMO, FICO scores are so generic that while you can filter out, you may also be throwing the baby out with the water - - missing tenants that are just recovering from messy lives.Before pulling a CR/BG report, I vet the previous landlords, employment and income, thus saving expense for a non-starter.Then, the CR (if you get a real one from Trans Union/Experion) will have all the accounts and their payment histories.  

What he is offering is:-His team will do the due diligence on the title to ensure it's clean-acquire the property from auction with room to make 20-50% profit-provide actual comparables-consultation prior to auctionHe wants a non-refundable payment of $2500 to set up an account and the $2500 per property making it $5000 up front (in addition to actually financing the properties in question).

Rhode Island Realtors needed to pull comps.I am investor and I need a strong team of realtors.

Yes- If the ROI is the same in 2 areas, then that's when I start to look at other factors in investing there- the potential growth of that area, landlord friendliness, which sports team I like, etc. 

I am told that the first attorney they went to wasn't able to help them and that he/she referred them to another attorney who specialized in this type of deal, but he wanted to much money so they decided to just pull a generic contract off the internet (I do not yet have the contract in hand or I would post it).Some big concerns I see with this.1.  

I can see no downside to having a professional PM.As I reread your post I get the sense that you want to find a small team of partners where your role in this team would be to be the money person.

@Victor Omoniyi Welcome to the team :)I stay in Austin and quite the newbie too.

@Kody Broussard  Glad to see you reaching out and building your team!

We're new to REI, but looking forward to learning!