However, with the right property management team and a bit of research, Memphis could offer the cash flow and profitability you’re looking for.If you decide to explore this option, I’d be happy to share more insights or connect you with resources that could help you get started My partner did a lot of biz there about 7 8 years ago then left to join me.

Washington was the operating partner, with the land being developed for small farms, houses, grain silos, tanneries, barrel manufacturing facilities, churches, stores, etc. 

I have a flip I just finished together with partners.

Morris and his partner Bert Whalen (I think he served jail time) took advantage of OOS investors.

I was looking at REI with my partner who has a great credit score - 750+, but looks like lenders would be looking at the lowest middle score which would be mine - 640.

I need some gentle guidence as a start in what direction to go to find out foreclosure costs.My JV partner and I own a note and the borrower has defaulted and not paid in several months.

Partner with an investor-friendly agent and mentors to identify properties with strong rental potential.

Thank you,Nirav Since you already pulled the trigger...and are a limited partner...this means you have the benefits of that (i.e. no liability beyond your investment) in exchange for generally having no ability to vote or have a say in how the investment is managed. 

I'm writing on behalf of my partner, not me.

You could also get involved with your local REIA and try to partner up with a more experienced investor, depending on what you can bring to the table, in terms of value add.