I'm seeing a lot of negative stuff here and it's a big price tag, but for me I think I really need the coaching rather than hunting and pecking on my own since my learning curve is huge and I don't even know what region to begin in.

3- Feel free to tag someone who is well versed in DC zoning here whether this person is an agent or a lawyer. 

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

Thanks a ton for tagging Jose.

Sorry I missed the tag in this post1.

Memphis, in particular, offers a good opportunity to enter the market without the massive price tags of places like California.In summary, I would recommend looking into the turnkey provider in Memphis and slowly scaling up with a few properties.

It is super straightforward and prompts me to tag all of my transactions with categories that correlate directly to Schedule E.

I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.

They’ll handle setting up your legal entity and obtaining your EIN (Employer Identification Number).

I tagged 4 other BP members I knew and layed out the mission and that was to buy renovate to retail standards a home in the mid west ..