Buyers, they may be scammers they may not be, like buying sub2 because All of the risk is on you....in a straight sub2 deal you do Not hold a mtg, they get title and supposedly will pay Your mtg note, so you can’t foreclose if they stop paying, You get foreclosed on since the loan is in your name.Bad idea all the way around.

I fixed the issue straight away, there was no real problem.Hope it will continue like this.I read IRS publication 946.

Thank you, Dominique, I agree with you I will not ever need that reputation, but you thinking ideally from this buyers side, even though I am the most straight guy, just because when he presented at the property to show it for him, he checked from basement to chimney, and he persuaded me that he is an investor and will turn this mixed commercial property into a condo , he will just advertise it for this coming purpose , have his contractor come to check it and see what is needed to be done etc...,  in order to find tenants and get a high appraisal on it so he can recover his rehab money, LOGIC story righteventually, nothing like that happened and he is fooling around never ever talked to me again after siging the contract and I call his title company and they never respond or every have this property set for search nor a contract or escrow money ..., then I get to talk to them when I sent a cancellation letter, they answered and said we are not obligated nor the buyer to tell you anything or when we want to work on the title or what we will do in the propertyIf you were in my shoes what do you think of this guy and his people, plus the property listed with a whole different brokerage does not even have a website or address who is the bad guy then ?!!!

I want to be legally straight.

I quickly learned early on that straight rentals in my market was a non-starter, the price to rent ratio just didn't make any sense and it's only gotten worse over the years.An average home in my market is about $550k now but will only rent for $2k.

Straight to the point:  who do you feel is the most important team member to first establish a relationship with in an out of state investing venture? 

Straight to the point : I am a college student looking to expand out into the field I am passionate about,Real Estate.

@Eudes De leon I looked their google briefly....it seems 3 resin and 1 comm’l is fine, but....there is a little more to it,  not laid out in straight black and white.It has to be in a predominantly residential use area, the commercial component doesn’t “over power” the residential use/characteristics, etc...as @Chris Mason says, the actual determination is made by the fha appraiser.

I don't want to play financial advisor but at the same time, help them get on track to save up, get credit straight, etc.

Perhaps this route may prove to be most cost effective/straight forward then trying to do something with a mortgage involved.