You should definitely get professional advice all the standards, legal, tax, financial, etc. before you do anything.   

Seems like property management is scarce in Dothan, I'm actually looking into the Dothan area right now and not finding any property managements for multifamily units.If you guys have any referrals, would definitely be interested in connecting!

But if you want to become a serious Real Estate Investor, you better get with the times or you will become obsolete.In short.You don;t find motivated sellers, they find you.If you have to pay for a lead tr chase a lead, per definition it is a bad lead.

Bryan, it sounds like you're in a tough spot, and there are definitely some red flags here, especially with the property already being sold and the lack of communicationYou mentioned the borrower has many properties across states.

It is definitely a “scam” that ice makers cost 40-50% of a new fridge and 80-90% of the service calls are ice makers. 

Look at what the poster is asking for (invest anywhere in the US) and look at the response which is definitely considered self-promotion in the forum.

However I can definitely say from experience that whatever you put in there will need to be replaced when this tenant moves out.

Boom, you are now a real estate investor.Oh and definitely build a corporate web of at least 5 layers of shell companies before you even begin thinking about buying a property.  

Without that tenats do not stay long term ( my definition of long term is 5 plus years)

Hi Jasmine, as a DSCR lender, that's definitely possible, and we welcome LLCs as well.