@Rosston Smith So a Schedule C is not sufficient to prove income to get a mortgage?

I have sufficient savings/credit and pre-approval for down payment on up to $200,000 worth of rental property.

What you're "selling" is your position in the purchase contract - nothing more.Sounds to me like what OpenDoor is doing amounts to what the short sale flippers were doing during and after the crash: getting ownership of a property at a discounted price, then reselling it without making capital improvements, even though they use property condition and needed repairs to justify their offer, yet they (attempt to) resell the property without making repairs, as Chris noted in his observations of the comments left by those who have had dealings with them.If a seller is sufficiently motivated, that market can sometimes be easily exploited.Having financial backing can allow them to hold properties for the prescribed "seasoning" periods.

My credit score is excellent and my income is good sufficient.  

If you already have sufficient cash reserves, I'd take $70k cash.  

If you don't like this business at least you did not have to spend thousands of dollars in lawyers and accountants, quickbooks at the beginning should be sufficient.

What is the NV rental law about reasonable wear and tear, and how many years of rental is considered sufficient for the landlord to cover full repainting costs, vs the tenant having some financial responsibility for undo wear and tear that necessitates repainting.

I sent him a large gift basket as a token of gratitude.

For your first several properties and LLC may not be necessary with sufficient umbrella insurance.

“Their wherewithal to pay rent today as well as pay rent in the future, with increases, is sufficient,” he said.