House hack if you can, pool funds for a local investment if you can't (get an agreed exit plan in place first).Remember, you may not even like being a landlord.

We just completed 6-unit one bed one bath apartment in midtown Sacramento, CA As we are considering doing MTR, your feedback on how to move forward with this plan is appreciated  

If you know that a 2BR single family rental averages $1000/month in your market and someone tells you they have a good deal for you on one for $175k how much time are you going to spend analyzing it?

Was planning on going to my first event next week.  

I would think your plan could work. 

It's really impossible to give you a direct answer on your question without knowing a lot more about your plans. 

They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?

I am planning to pass on the cost to them both 50/50 since i dont know who flipped the switch, what do you think? 

That is our Bible or road plans for repositioning value plays in good hard working blue Collar areas of Ohio.  

If you have evidence of the damage, it is unlikely the tenant will spend the time and money to take you to court.