Obviously validate that claim prior to closing, but let's not put the cart before the horse. 

Prior Client How did you finance this deal?

And I lived in Katy for 16 years prior.

We haven’t found good development ones on the market outside of the ones my prior development companies used.

She did provide me with copies of her bank statements, pay stubs and a letter from her HR department confirming her employment as well as prior landlord references here in the US.

NOTE: That money came from a 1031x that used $30k savings for down payment in a $300k SFR live-in fixer a few years prior, which sold for $600k.

Would it all just be mostly the same: general background check (including prior evictions, lawsuits, etc), credit check, income verification, landlord references?

Thus, the investment grows like it's sitting in a roth 401k/IRA       Then when you die, your heir gets a step-up in basis, thus eliminating all the prior capital gains over decades, but only up to 13.6 mil this year :(              Debt Funds (like mortgage note investing) can also be very lucrative but I don't know/understand the tax savings/issues in that class yet, still learning :)              Equity REIT investing can give you great siloed real estate exposure in 11 major asset class sub-types, but don't offer the direct tax benefits as direct RE ownership does above, as the REIT gets those benefits when it transacts and as a corporation passes those benefits secondarily/indirectly onwards to us investors as high dividends and gradual stock price appreciation.

Prior to speaking with an attorney you need to learn how the syndication model works.Underwriting, LP/GP structure, fees, etc.A great book is Best Ever Apartment Syndication - textbook for this business.Happy to provide more insight on the process, if you want to send me a DM.

I even had some wholesalers trying to contract it prior to me fixing it, but I realized that they were not real buyers so I did not agreed to their contract.