Regulation is out of control in this country.

Plenty of us here on BP in this forum you can look up and reach out too

I arranged the financing with no money out of pocket and even leaving 30,000 in the account for renovation.

This should not be difficult to insure if you have the right agent/agency

I think that from a risk standpoint, you incur a lot less risk by being the lender on this than being a genuine partner, just as you have described above.

Quote from @Felipe Mendoza: Here is a Map I found that you can zoom in and out of:https://oog-edt.maps.arcgis.com/apps/webappviewer/index.html... 

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

Welcome, I'm in Lubbock, TX and i am very familiar with this and the surrounding areas.

This is equivalent to picking up another full time job  Thanks Jeremy.

I have personally platted land and received some pretty significant checks.. not 1.7 million but 500k plus .