In the world of craigslist and outsourcable background/credit checks, they're not that hard to find or screen.  

Now think from a seller's point of view.

Sure we are all bringing a little skin to the game (again we are saving 50% or 66% down payment for each of us as apposed if we did it separately) and we also bring different skills and points of view to help suppress failure through our agreed upon business plan. 

And if you need someone to view properties for you, take pictures, give me a shout.

Nayt the big bank giants generally view people as a grain of sand in a desert.

Please re-read the content on our website and your comment above - "Renovated comparable properties in the area have been known to sell for as high as $90,000 with a recent sale across the road selling for $48,000".Please see screen shots below:All of the recent comparable sales you mention are foreclosures.

I have got quite a few people interested and wanting to schedule viewings and now the owner wants to sit in and intervene and be a part of the selling process and changing the amount he wants (not by much).

A lot of less experienced rehabbers seem to like more entry-level, working class neighborhoods around the city like Beechview, Brookline, West View, etc.

I viewed HOA insurance as something to protect the Association, not necessarily to reimburse homeowners for loss.

I think it is a case where there is no right or wrong answer across the board and each deal has to be viewed by its merits, returns, and how much is being lent compared to your own investment both time and money in the project.