It is incredibly difficult to get good renters for a house of this size ... because the rent is high(er) and the utility bills are hard to handle.  

Granted I don't have the full picture, but this deal would make me very nervous.I'd do some due diligence and try to get a much firmer handle on your build cost If I were you.  

Who handles the maintenance? 

If so the insurance company will most likely handle the collections from he tenant or hopefully their renters insurance.

I primarily do the fix ups and handle management, but like I said If i can make 30-50k on a filp in 3-5 months I choose that over renting out properties that will pull in 20k a year then after taxes, ins, utilities, you will clear 12-14k.I treat rentals as just a stepping stone or beginning foundation.

I called a few numbers until I was able to talk to a human being, who then took my name and number and told be the office that handles this sort of business will contact me in 24-48 hours. 

your making direct loans.. how are you handling licensure and how is the portal handling licensure.

I am one investor of several (among them, my family trust, my ERISA investment LLC, and private family investors), as well as the managing member.You set up such syndication entities by clearly establishing their purpose and goals, the benefits to investors, the exit strategy, the management strategy, and the processes for handling disputes, change in membership due to estate or bankruptcy of a member, the process for winding-down a series, and the overall exit strategy.  

I'm guessing you are looking to pick up these properties for a discount and you need to be careful of how you handle the situation.

You're right in that leverage is the obvious better financial math, but can you handle the risk stress over that time.