I went that route, and because they are commercial, they don't care about reaching a set amount of rentals in your portfolio, only that the place you're getting will cashflow higher than their requirements.Be warned though, almost every lender I have spoken with does only up to 20 years, not 30, so that might skew things for you a bit.  

Fair warning he loves to talk, so we got to know him well very quickly and respected him even more.

My spidey sense just kept sounding the warning bells.

Just a warning that even on distressed properties they can get you.Sorry for the tax bill, dang

Be warned, she is a member of the board and will report you.

I would warn the same for my friends in California, Seattle, Boston, and DC.I would rather my money in a place where the numbers make sense, and the floor is a little lower ($800,000 vs. $50,000, you can lose a lot more on the first deal).

If it's a month to month lease, give them the required amount of advanced warning that their lease is being terminated and sell the home empty.A tenant in a single family home should never know that the home is being sold. 

Try and get his mindmap on implementing his entire strategy, it's great stuff.I will warn you that to implement everything he has in the course is a FULL TIME JOB.

Nobody warns of this, but if a trade twist their ankle you could be sued and likely would be found libel.)Soak up as much info as you can, then verify that info before you implement it.

I would not move forward with this tenant even if she shows up with the $$....this is your first red flag that there will be issues...don't ignore it...its a warning.