I know that MFRs have never been big cash-flowers in Texas.

I will contact all of you as I get to the locations I mentioned and hopefully arrange a meet up and get a chance to speak to all of you! 

@Ian Kurela, no, I don't deal in Gaston County right now, due to a non-compete business arrangement. 

I don't know if your current arrangement has such a document, but it should.Investor pays ordinary income:  Yes, this is true. 

Instead, I either sell the purchase agreement via assignment, or do a "double close" purchase arrangement. 

Care to share more of what that arrangement will be?

Look if you start doing special favors and arrangements from the lease you are training them that you are a pushover and easily cave .

One CAN figure out approximately how much a property sold for even if it's not listed in the records:  extrapolate the transfer taxes (state/county/city) and multiply out.Just an aside:  I remember back in the day when the appraisals were coming in short in an appreciating market (something like we have today) we would ask the buyer to pay MORE money for the transfer taxes (no law about not paying more taxes) and it would help show a higher "sales" price and help 'push' up the comps--not recommending you do that now--much more data available for all eyes.But I would recommend that you buddy up with a like-minded realtor, and work out a mutually beneficial arrangement so you can get the info you need, and they can get listings, sales, referrals, etc, that they need.Better yet, get licensed yourself and get to know the business from the inside out!

Hi,I'm new to note investing and I am considering a JV arrangement to get my feet wet and learn more about the process. 

I've never had an emergency like this take more than a day or 2 to correct, even a replacement AC unit on the roof with a crane service needed can be arranged in a couple of days.