You might find people that charge low rates, high rates, lots of fees, no fees.I'd focus on competency.

Please tell me this is a legitimate lender.

Quote from @James Runkle: does anybody have the latest information on this fiasco for appointing a local agent in charge for out of state investors?

So far we have not charged any expenses to the rentals (as they were a few).

Why not just turn it into a long term rental with legitimate tenants?

As I mentioned above, if you're not registered as a HML or lender and you are charging fees as a lender, you're in violation.

.• For someone working a full-time W-2 job, this is very difficult to achieve legitimately. 2.

Quote from @Vikas Jain: Yes, I have already seen the buy-in, im less concerned about that part of it, but just want to make sure its legitimate (plenty of opportunities where buyin is high but it doesn't always mean the product is good, just been burned in the past by others so trying to do better due diligence this time around)Their success rate, as of now, is 100 percent.

Whats a good source to connect with legitimate investors? 

He charged me a few thousand dollars for information that is repackaged and rebranded, because you can simply find it on the internet!