Quote from @Jonathan Small: @Dan Maciejewski I agree that property managers can make or break a deal. 

Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor. 

They find deals on oceanfront houses all over the country.I'd even look for a fixer upper to get a great deal.

Upgrade to BP Pro, and post your deal seeking 50% LTV on the classified forum.  

What made you interested in investing in this type of deal?

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

Since you’re already diving into BiggerPockets, focus on clarifying your investment goals (house hacking, multifamily, or BRRRR), building your network with experienced investors and lenders, and most importantly, taking action by analyzing real deals.

I closed a deal from a BP lead this year and paid for the whole trip.  

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

No where was it stated that this deal was contingent on cross collateralization.