However, I’ve moved into a situation where I no longer have the time to do the work myself, but still love the process.

I am in the process of preparing to move to the Seattle area next summer and as part of those preparations I am planning to sit for the Washington Managing Broker Reciprocity Exam next month. 

We love the potential and would like to move forward in the process, but can't get anywhere with the selling agent/bank.

I gave the buyer more money (through offer and interest income), but I saved almost $10k cost to me, with higher CF, in the process.

Haven't fully signed up yet (still in the process) but check it out and let me know what you think!

But a 1 year lease is common in my area, and hopefully the screening process is what gets you "mostly" very good tenants. 

Your best bet is to have your agent recommend a legit lender....require buyers to meet Their preapproval process (a real one, tax returns, pay stubs, bank statements, etc)....they don’t have use your lender for the loan, but meet their preapproval standards.

This process gets me lots of sellers.

Here is what the numbers came out to:$50k unsecured loan at 8% interest from Huntington BankPurchased property for $40k- used the remaining $10k for repairs (repairs should take max of 2 months)Rent house out after repairs are done for $900-$1,000 per month  ARV of property is $60k53rd Bank offers 90% LTV refi after 6 months seasoning and $195 processing fee at closing- Refi property for $54k on a 30yr mortgage at 5%Mortgage payment including taxes & insurance= $436/monthCashflow= $900 - $436 = $464 gross cash flowRemove 20% for cap ex/vacancy/other expenses (round up)= $100Net Cash flow= $364 monthWith the 90%LTV refi I am able to get my initial $50k back from the unsecured loan plus $4k.

Very polite, proactive in the application process, had good references from previous landlord, has good/stable employment, and when I looked them up on Facebook their information matched everything on their application.Unfortunately, they are not able to complete the screening due to a complete lack of credit history (young applicant with no credit cards or, evidently, student loans).