The Retainer Fee is credited towards whatever they buy from us in the 90 days, so in effect, costs them nothing.Note: we're not doing this to make money, but to avoid the time-wasters.

It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy. 

Seems like his option will be to buy it with a conventional loan with 5% down.

Are you guys buying at 10-11 caps?

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

If I wait until accumulating enough cash in the account to buy another note, this will kill my yield.

However I have a contractor who I’m considering partnering with who wants to buy and flip homes in Baltimore.

Buy an existing house to live in and add an ADU in the back.

@Kane Spangler There's a since of pressure to build or buy RE in your post.

Im really interested in buying some cashflowing rentals in Ohio, Indiana, Arkansas, maybe the Carolinas.