You have engaged and paid securities attorney and are compliant with Reg D offering 

He is securing expensive debt, not debt through a bank, isn't putting any capital into the deal and structuring the equity investment in a highly risky manner without any upside offered to the investor.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Quote from @Jeff Adolphe: @Kevin Collins How long does it typically take you to secure a house with REI?

This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings. 

I'm unfamiliar with this score but I've done some research and supposedly it is more accurate than a regular credit score as it reports rent payments.

Just make sure all pieces are accounted for regularly.

I dont allow tenants to move in without first month rent and security deposit paid by cashier check .

The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

in our area that is a real big deal.. we did another demo and left a few pieces of flooring an inspector came on our job determined they had asbestos in them and we violated taking asbestos items to the regular land fill.. that cost me 19k in fines and 18k in lawyer fees to keep the fines from being really big..