That’s way cleaner, way less chaos.As for out-of-state, that ='s high trust, high risk without the right team.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating with integritySo, start out by CONSISTENTLY posting what you are doing on whatever social media channels you currently use.

I'm working with atty to prepare promissory note/deed of trust.  

When it comes to REIT Stocks or Wholesaling, it may depend on how active you may want to be trying to make deals for a wholesale versus obtaining and growing funds through REITs.One thing I may recommend as you start your real estate journey, if you haven't done so already, is to learn about Trusts and LLCs.

Intentional property damage, safety hazards, and neglect.It’s okay to trust your gut.

One of two things occurred - either the principal is on to something else and just doesn’t give a sh.. about the people who trusted him with their money; or his attorney advised him to have no contact with investors lest he say something they can use in a lawsuit.  

Steer clear of major rehabs unless you have a partner with deep experience or a trusted GC, they eat time, money, and patience.Move-in ready is safest, but if you find a well-located property that needs paint, flooring, or minor updates, that’s a sweet spot for learning and building equity.Happy to support youn on your REI journey!

One thing I’d add is communication with owners; keeping investors informed (without overwhelming them) is a big part of building trust and long-term relationships.

Trust but verify.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.