My guess is it is some REI instructors own idea of how to evaluate deals. 

Specifically i found that we had to coordinate keys, the seller move out, the closing times, wiring instructions, and various other little details to get the deal done... being this was our first one, it was unclear who communicates all of these as there was obviously no agents or brokers involved.  

One of the most well respected real estate attorneys here in the Dallas area instructed me to do it like this.

If you read and understand the instructions for a 1040 tax form schedule e, you basically now understand how to make money renting out property.  

If you could answer that question that will allow me to provide clear instructions on what to do next.

The instructors are some of the best in the country.This company offers online classes, mentors, LIVE meetings, and lots of one-on-one training.  

                                                        $500""Total amount owed:                                                                                            $596"The letter goes on to say that if I fail to pay these debts "within 10 days from the date of this letter [June 15 2015].....my client has instructed me to institute a ground rent ejectment suit".  

There are a ton of free guides and videos with instructions.

All of that said, before you hire a manager or take a course, look at the resume or Linked In profile of the manager/instructor.

You have options, those options referenced will require a qualified credit score and DTI otherwise you are good to go, read the link, seriously 203k loans they are simple so is the process, its only difficult if you do not follow the instructions.