I haven’t personally had a bad experience yet, but I know it’s definitely something that can happen in private money lending.

Unrelated persons ordinances are common. 

You absolutlely need to be direct to seller or have close, personal relationships with wholesalers and active agents.

Does anyone know stats on this or have personal experience in this region?

Not worth it if you have to feed the thing.But again, what are your personal goals to investing.

It's important to understand that a person can sue another person, but that doesn't constitute a judgment.

@Nicholas Nakamura can you make a trip out there in person? 

Quote from @Elizabeth King: I have a property in my personal name that I plan to rent annually. 

I personally focus on DSCR investment loans and creative investment financing strategies, so I am happy to connect with you and talk about a game plan.

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.