Personally I never listen to what the seller states the income is as they are sometimes way off.

If you and another person own a piece of real estate as tenants in common then you both own real estate. 

The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.

Focus on the numbers and the goals, not personal feelings.

It's important to understand that a person can sue another person, but that doesn't constitute a judgment.

Does anyone know stats on this or have personal experience in this region?

@Steffany Boldrini As a lesson to other people hiring interior decorators online, can you please tell everyone what caution flags should have told you not to hire this person?

I also think most markets won't see anywhere close 6% cap rates (for single family homes which is what I personally invest in).The questions you get to ask are then:Is the extra 4% worth the hassle of management and lack of liquidity.   

I can also find out everything about this person's license in less than 10 minutes.

These homes are in my personal name right now.