I have spoke with a few of these prospective tenants and have used SmartMove - TransUnion to run my own background check. 

Just worried he won't have a backup or contingency plan should RE market or his business prospects should not be prosperous enough. 

It seems like a profitable plan outside city centers where zoning permits. 

You're prospecting for buyers and sellers, everyday. 

Direct message and connect with investors, agents, and other prospective teammates found in the forums.

Originally posted by @Kyle Douglass:I'd like to find out how people are finding deals in the Denver Metro market.Broker relationships, internal networks within brokerages (for example my brokerage sends out our "coming soons" to a network of 750 agents before we list them), prospecting by contacting owners directly, personal networking, and lastly the MLS systems: RE Colorado for Denver, IRES for Northern Colorado, CoStar/Loopnet for commercial properties.

So if the property appraised at 175k you would get a loan for 131k, enough to pay pay off the HML,  but you would still be out your original down payment plus all closing/financing/permit/holding costs (which you need to also calculate as they will eat you up)If property appraises at 200k your refi loan is 150k and you're closer to recouping all your original investment minus holding/financing  If property only appraises at 150k your refi loan is 112k and you need to come additional funds out of pocket to pay off the 125k HML, on top of the original 25k down payment and holding/financing costs. 

Direct message and connect with investors, agents, and other prospective teammates found in the forums (Doing #3 - By setting up keyword alerts in your desired market)5.

City took 3 weeks to issue a permit

He rarely gets permits & has often been shut down & some of the work needs to be completely re-done.