I did all of mine several months ago as they are single member LLC;s and I already have to go through fingerprinting, background checks for my NMLS license as well as audited financials for our fund.

And if they seem open to it be sure to follow up every two months or so.

Andrey this the same deal you were posting about a few months back.. if so i would contact Kathy and see whats up.. its exactly as i thought it was.. seller financing so the debt was to the seller who then probably sold the notes to other investors.. so no recourse just bad deal 

.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

And then decide what it will take every quarter, month, week, and day to be able to achieve those goals.

I bought a property that was on the market for 7 months and was nervous other investors saw something I didn’t.

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

This is not “student housing” in the traditional sense - even the vacancy risk doesn’t exist as it’s a 12 month lease / they work over the summer there, etc.  

You could live in one unit and rent out the others to offset your mortgage, staying within your $4,500/month affordability limit.

My partner and I put on some investor forums monthly in Scottsdale, great way to connect with other investors.