If you don’t mind sharing, is that something you’ve seen work in practice?  

Great post thanks1) Time2) Practical Experience (Getting Up and Riding Again after dumping the bike at a corner)3) Mistakes4) More Time5) or pay someone "one on one" to avoid the mistakes and cut the time considerablyThere are books, youtube and Real Estate meet ups, where you will get most of the stuff you need.  

Thats normal business practice . 

These books are practical, give you actionable steps, and aren't just rooted in theory. 

How can someone do this when they have already defrauded (not officially, but practically) so many people.

One practical tip: if you're close to qualifying for REP but not quite there, consider focusing your cost seg on the commercial buildings and 4-plex first.

Any best practices or pitfalls to watch out for in terms of disclosures or compliance when doing a self-purchase off-market?  

I’m planning to relocate within my current company to a different state in about a year, so I wasn't planning on making any purchasing decisions until then.

There's also the 4-6% seller assist often relied upon by the end buyer if there even is an owner occupant market for many of these lower cost SFH's.The “cash flow” used as a second layer of validation is frequently manufactured through poor or nonexistent management practices that are not sustainable long term.

A casual text message can sometimes be evidence of an agreement, but it does not automatically amend a lease, especially if the lease contains a clause requiring written, signed modifications.A few practical points:The lease you received is the governing documentThat is what transferred with the property.