It burned to the ground a week after purchasing.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

You could get everything in writing but you'd have to evict if purchase didn't go through.

-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you ever want to chat or need advice, feel free to reach out.

I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house.

Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.  

I reached out to only 3 two got back and 1 I was actually able to have a conversation with.

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box.