In renting this property, I've been able to amass a nice database of potential renters in the area. 

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

If they are ok with carrying the financing and don't need large amounts of cash right away, this may be a good fit for them.

In this last year, their communication with me has become almost silent. 

Or do you also do this to HML at the very beginning?

This is a great place to learn and to connect with people so take advantage of all the great resources.

Any other requirements on the seller to do this correctly ?  

Keep healthy reserves for surprises - they're inevitable in this business.Lastly, treat this like the business it is.

I’ve seen this work for niche investors who are more focused on cash flow potential than buying turnkey properties.Hope this helps bring some clarity.

Hello, I am new to this forum.