Just taking the first step and doing something is without a doubt the most important aspect of this entire business.3.

Are there additionally steps?

It will cut down the initial calls.

We have it very clean cut who does what duties, and don't step on each other's toes.   

Otherwise they would step up to a larger unit.

Good luck on your journey, and you made a great first step.

I initially considered the 203k, but my broker advised to do the conventional due to saving on the pmi and extra hoops to jump through with the FHA loan.

I am a new investor currently deployed but expected to return in the near future, however there are a few things holding me back from jumping right into the mix of investing and I was wondering what some of yall did as your first step!     

Invested with other sponsors for 5 years before stepping into the GP role.I'm not sure why people continue to echo that "most syndicators require you to be accredited". 

If there's no redemption period for the prior owner and other encumbrances (mortgages, HOA, etc) have been wiped out, and potential IRS liens fall away at 120 days (whether from auction or initial foreclosure), it seems like it would be pretty straight forward to find out if there are any problems unless I'm missing something else that isn't wiped out.