One question I have is does a seller financed sale typically require any kind of a down payment? 

Hi All,I am doing some study in JAX and plan to do buy and hold strategy as a out of state investor.Trying to find local PM and real estate agent who works with out of state investors, would appreciate if anyone can refer. 

The quickest example I can refer you to would be Michael Blank syndicated deal analyzer (SDA).

I know a few builders and depending on what you’ve got in mind, I’d be glad to refer a few.

Originally posted by @Jen Pothilat:I was just informed that I can't do a cash out refi since it's a rental property in Texas :( You can do a cash out refi on a rental in Texas, I have done them.I think they are referring to owner occupied, homestead properties.

If you're borrowing rehab dollars, then the hard money lender will typically hold those in their own account and distribute them to you as draws after work is done.

I know a lot of realtors like to focus solely on selling and aren't interesting in managing properties themselves.Do realtors refer clients to property managers?

In the body clearly reference the clause it is modifying and the actual words used should be similiar if not identical as in the original purchase and sales, just with a different closing company.Who is holding the hand money/earnest money?

If it’s a mom and pop you (typically) get either a Quickbooks export, an Excel sheet, or an email listing everything.

Other things to factor in:-rehab costs-PMI-closing costs-for vacancies, repairs, cap-ex: I typically do 5%/each, 15% total (some may argue to be more conservative on your analysis)As far as the cap rate, my understanding is the cap rate is more so for properties with >4 units.