So I don't know why some people were automatically opted in and some like me were not. 

Scott, let me know if you would like to discuss options with Lendmarq Capital and set up a strategy call.

It seems like we could get a down payment for a new, cheaper property and some passive income while also saving the buyer money. 

hi, stick to the lease. it’s his responsibility, he sounds upset because you raised the rent (if he doesn’t like it, he’s welcome to vacate) 

I guess I like the aspect of having an experienced investor to guide me through the entire process.  

The easiest way to think of the draws is like a reimbursement where after you complete work on the property, the lender sends out an inspector to confirm that work has been completed then gives you funds according to what has been done.You should be using a lender for the purchase as well since purchase and rehabs offer the highest % of purchase price.

You’ll likely qualify for better interest rates and lower down payments with a conventional loan in your personal name.

Good in the long term so I didn't have to worry about the utility bill but like you mentioned - high upfront costs and time consuming. - Equal Splitting (ratio utility billing) - What I've heard from lawyer friends who practice real estate law is a trending spike in resident issues.

She had 2 other investors look at the property but seems like she liked my offer the most.

But it looks like you better be prepared to comply.Non-Compliance is $500 per day.