New to RE investing, have watched tons of BP episodes.My goal is to pursue mid-long term buy and hold rental properties, either single or multi-family.

Did you pursue it and close any deals?

Finding a deal worth pursuing is one thing but managing a renovation out of state is a different ball game.Do you have renovation funds to use outside of your down payment + closing costs?

I would just go ahead and pay him the $2,000 and get it in writing that he will not pursue you going forward and then set better systems & expectations in place to avoid this problem in the future, lesson learned.

We have a single family home, a small commercial retail building, and now we are pursuing a 5 unit apartment complex.

We were actually not pursuing real estate when we lived in the area and therefore do not have any agents in mind unfortunately.

Took collective criminals about a week to figure out new PD policy was if no person in risk or harmed, don't pursue, stop by when available IF available. 

Expenses directly tied to a deal that was pursued but not completed (e.g., inspection fees) are considered part of your investment activities and can be deducted as a capital loss in the year they were incurred.

Which investment strategies are you thinking of pursuing?

I'm getting to a point where I might want to pursue a lender for future investments but am trying to understand how these lenders choose people to work with.These types of lenders are called "Hard Money" because they are not betting on the borrower.