@Tom Scott I think it's extremely important to operate within your own comfort levels especially when you first start out.

You may be able to find a smaller local/regional portfolio lender that might do it but I'll bet good money you won't get anywhere trying this with like BofA or Wells Fargo and the like.If you are going to try to pay off all the private financing it is much more realistic.

I bet if you posts the address on this thread you would have the perfect rent confirmed for the house within 24 hours.

Most recently, I've had a lot of network operations center work with AT&T and HP.

This sounds to me like a normal deal in lots of the "up and coming" dc neighborhoods like Columbia Heights (full disclosure this is where my house is), H st, Adams Morgan (although I think we can all agree adams morgan is never going to actually get out of the up and coming phase), etc.TL;DR I would bet this is legit.

@Toni Fowler Your best bet is to start attending some local investment club meetings to network, learn, and ask questions about the market from folks that know it well.

The sit-down is your best bet.

You show only 39% for operating costs and you left at management as well as capital expenses (cap ex).

If you live anywhere near there I'll bet you already know the war zones.

You bet @Mike ToddAnother thing to remember is this, your Broker will only get a portion of the commissions you are paid.