It is also important to remember that investors like myself always advise meeting who you do business with.

It is advisable to communicate with your lenders to discuss potential options and avoid foreclosure.

I could use all the advise

G'Day Bob,Not many "true" turnkey companies around anymore and I've seen a trend where investors want to DIY out of state and country.Personally, I think this is an even bigger recipe for disaster than buying turnkey.bBut that's just my opinion.Back in the day you had many "turnkey" companies selling crappy properties in crappy areas for a lot more than market value.Then they pass you on to a 3rd party PM that nickel and dimes you to death.Granted, if you want to DIY I would always advise moving to the market that you want to invest in.Spending enough time with key people needed to make your venture a success.Yep, easier said than done 🤷‍♂️If you DIY from out of state, you will probably find an "investor friendly" agent that will flog you expensive property from the MLS, refer a "good" contractor and then you will most likely also get nickel and dimed by a referred "trustworthy" PM.IMO, you are safer finding a reputable turnkey provider in a market that you want to invest in and go from there.If $#%@ hit's the fan (Which it always does in real estate), at least you have everyone to blame under the same roof.A true turnkey provider will have everything an out of state investor would/want and need under the same roof.No finger pointing is allowed lolI'm bias as we offer turnkey so take my words with a grain of salt.Just happy to offer my 0.2 Aussie cents.Wishing you much success

Please advise trying to find out if they are a good lending company.

That way you get specific advise from fellow investors in your area.

I'm also in need of a CPA/tax advisor to advise on what's the best structure from a liability protection and tax planning standpoint.Thanks for your input.

Also, Engelo has always advised investors that owning only 1 or 2 properties can be a “hit/miss” on a year by year basis.

Some things I advise folks having seen partnerships go south - Get really clear not just on who does what but contingency plans.

@Jung-Jin ShimI strongly advise against entering into any deal where you're facing a negative cash-on-cash return.