I'm very conservative in my approach, but would like to learn more to see how I can maximize my investments, and provide a greater return.

By definition, "out of state" investors own property in other states where they don't live in an effort to increase their returns and/or leverage their investment capital.What type of "contacts" are you looking for to speak to?

This is an interesting structure @Paul JamgotchWhat do the returns look like with this type of structure for each of the parties involved?

Something else I do if I'm not in a talkative mood but need to return calls, I'll call a friend and chat with them for a few minutes to loosen up.

Typically lenders require rents to be on your tax returns for 2 years before you can use that income to qualify, so if you plan on buying 2 in a year that could be tricky.

That looks like a real tight deal unless you were living in one of the apartments and getting the rent out of the others, but even then you have to purchase based on the return if it was fully rented, as someday you might want to move out of it.The most recent BP podcast they discussed that it might make sense to go 30-60minutes away to get rentals with better returns and potentially hire a Property Manager instead of dealing with less than desirable returns close to your house.

and after 2 years of tax returns?

If it is a SFH and they are a small landlord, ask to see the tax returns and bank statements.

My lease states I can act within 14 days and return abated or prepaid rent unless it was lessees fault and then it's their liability and I can go against them.2: Any language on allowing entry in emergency and non emergency situations onto /into premises without landlord permission.

Which is only a 10% return if you put in all cash.