I hope all this was not just for his benefit as my spouse and I were really looking to be guided by a lawyer who specialized in this.

Thank you for sharing the thorough requirements that the process entails so one can pre-prepare when searching for prospects.

While the wealth of knowledge and experience on BiggerPockets is wide and deep, I would not trust a decision like this to the internet, I would ask you CPA and if you do not have one find one who specializes in this sort of thing.

Lateefah, Yes, I'm a realtor here in the Emerald Coast, specializing in vacation rentals and investment properties. 

You need to find a brokerage that specializes in LTR's and can also handle the property management.

I'd suggest preparing to start renting out your home in the Spring as the season picks back up again.

I’m currently working in the Indianapolis market, where we specialize in new build duplexes that offer strong cash flow and long-term potential.

The goal is to get the property or borrower prepared for conventional financing. 

In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.Sounds like the majority are first position mortgage holders.. this is super simple find an attorney that specializes in mortgage foreclosures and file. there is a federal law that went in post GFC that requires lenders to give a 90 day notice before they can file and I think it pertains to any loans on any 1 to 4 unit properties  the assets that Dodd Frank was designed to regulate. once the 90 days is up you file your foreclosure  in OHIO its a mortgage state so it cost more  money than a Deed Of Trust with power of sale state.  

With medium interest rates, you might see a slight impact on cash flow, but BTR properties often still perform well due to their new construction and lower maintenance costs.I’m currently working in the Indianapolis market, specializing in new build duplexes that we construct with strong rental returns in mind.