Because intrastate (single state) offerings must still comply with that state’s securities laws, and because with the internet its difficult for offerings of any size to be limited to investors residing in a single state, the exemption for private placements is the exemption from registration most often used. 

@Jerry Tello I should have mentioned the laws and how they affect your returns vary tremendously from state to state, and sometimes county to county.

You also need to account for the eviction process, state laws etc...

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

Also, if I recall Texas law (oops, see above) it’s only state that I think imposes a statutory stay on foreclosures pending probate.

Its not as simple as using eviction law even after you closed and now are the owner. 

@Jeff Shaver There is no specific statutory time frame before you can do a cash out refi after completing a 1031 exchange.

Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.

So you want to check that out.I also ask how familiar are you with Spanish, and reading Spanish contracts, and knowing landlord/tenant laws in Spain? 

.- I was scared to drop out of law school In 2021 and go all in on REI, I’m super happy with my decision.Now, whenever I’m scared/nervous, I take that as a sign that I should probably do it, and that it’s room for growth.Yes, sometimes it will be a mistake, but that’s how you learn.4) Value Relationships over everythingGood relationships will bring you more joy and take you farther than being selfish and/or greedy.What principles do you live by?