I suggest having him complete an application to determine if he meets your criteria.

I concur on the Section 8 approach  and don't forget the complete background check.Stop the bleeding first.

 (2) You can also use Lead Swiper to target buyers online.Private Lender Leads: (1) Lead Swiper can easily target private lender leads (2) Nationwide Private Lender database (although this is 1-time payment premium feature, it's cheap), if you want access to capital, quick and easy, it's a no brainer.Hope that helps.

To answer your question (that wasn’t actually aimed at me) my concerns are investing in an area that I’m completely new to and building an out of state team that will be effective. 

Class D is mostly rentals (another tip to look at owner occupied stats and/or if the neighborhood is identified for revitalization), the tenants are outside smoking, they are talking to neighbors and solicitors, it is a completely different vibe that is pretty noticeable just driving through.

It's also completely passive, with great returns.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

I also completed the exercise of making a $3000 additional payment every ten payments.

They have a variety of machines that feature multiple games and are compact enough for most spaces.

Something that didn’t need a complete overhaul but something that I would do light cosmetic cleanup in a good area.Reason being is that let’s say I bought a 5 unit building for 500k and put $100k down.Let’s assume that building has $100k in annual gross rents.