In business brokering, it's about 9 months, so you need reserves to allow you to survive startup. 

Try calling them to ask about the property and get more information to confirm.- Non traditional methods for payments could be requested like Zelle, Cashapp, Venmo etc.Here are few tips which can help you prevent a scam:- Check the public records of the property in your local county and see if the owner's name matches to the person you are talking to.- Ask if they have office and look up the business.- Check if the property is currently listed for rent or sale on multiple places by different people.

Half respond with confirmations to my questions and are responsive and professional. 

The disadvantages of this loan type is it will be a higher rate than a conventional, Minimum credit score allowed is a 660, 6 months of reserves, and a 80% max Loan-to-Value.

I will continue to have reserves in the amount of $8,000. as well as a credit line of $5000 in case of any emergencies. 

I would just confirm the complete foundation repair cost and as Andrew said plan to budget in repairs to other building systems.

Even the local police called me to confirm I wasn't scamming this person. 

With housing payments covered and cash that should be left over after your second deal (keeping some reserve for repairs), your savings on income should be able to get up to down payment level on a third buy and hold deal fairly quickly.3)  If the cash flow from the sea side dream home isn't stellar or a cash out refi hits snags for whatever reason, then I would 1031 and re-deploy it to multiple new SFH or larger 4+ MFH.Good luck!

In a situation where I have 1) a property that the mortgage/insurance, etc. costs half of the gross income or so 2) can pay 20% or more down and have plenty of cash reserves for vacancies, repairs, etc.3)have a roughly 750 credit score4) low debt/income ratio Are there lenders that will lend on those principals?

I have an opportunity with a 2/1 pocket listing with an ask of $489k (sellers paid $350k in 2020) - how should I confirm estimated long term rental income in Historic Kenwood?