Closed to Investors for Now

[Lear R.]

I have a great opportunity. The property across the street from one of my investment properties (SFH), has been foreclosed and available for sale for a great price. I have a friend in the area that wants to get into real estate but does not have the credit or cash, I have both but I am not in the area and cannot capitalize.

Does anyone have a strategy that has worked for them in a similar circumstance? ( although all ideas are welcome, unproven ideas, have taken a lions share of my time and I am very stand- offish towards them)