Wholesaling is another way to generate cash by finding off-market deals and selling them to investors.

He claims anyone can do what he did, but he teaches the exact opposite of what made him successful.How did he find success?

Quote from @Peter Walther: I think you'll find most, if not all title insurers, will require the DIL to be dated and executed subsequent to default in order to insure. 

However, I am unsure on how to go about finding the proper handyman/maintenance guy/management team to help run any out-of-state investments I make.

I still have plenty time left saving but when the time comes I’ll either be looking into conventional  loans, or some type of remodel loan to pay for the repairs of the property I am looking to fix up, because as far as I’ve seen so far it’s hard to find a good deal starting out unless you buy it as discounted as possible and put some sweat equity into it, let me know your thoughts on that ur possible.

How did you find this deal and how did you negotiate it?

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

You can also find real estate investing groups through meetup.com, Facebook, or a Google search.

How did you find this deal and how did you negotiate it?

Frankly, no matter how well you do safety, dumb guests will find some way to hurt themselves so insurance is a top priority.