In addition, I am hoping to understand the most severe risks that come with investing in distressed properties, and how best to mitigate these risks. 

i actually only invested an additional $23,000 i answered the question wrong

In addition to brokers, I would also suggest speaking to 1-2 regional banks/credit unions.

The standard rate is 3% of a loan, a good broker will never exceed their origination costs of more than 3%.Additionally, a competent broker goes beyond merely securing financing.

Additionally-Sleep a few nights in it.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Note, even though you may have a per-transaction fee or unlimited transactions, it looks like pretty much each transaction will still have some additional associated fees for things such as AHC/wire or expediting docs, but they seem reasonable.When I was setting mine up, I was told that the flat fee isn't charged until your first transaction. 

It added far less value than the cost of the addition.  

Two days ago it was an investor who created an additional LLC independent of the deed holder entity believing tenants could only sue the LLC where a contractual relationship existed. 

I'd love to believe that we have an alternative to the paper we pass around, but we don't yet.In addition, did you know that your bank account can disappear or your electronic refund from the IRS can be hacked, and there is NO recourse?