Both are in a small market in Illinois, where I have family involved in real estate and construction, so it’s been a great way to jumpstart my multi-family journey.As I'm looking to expand, I’m particularly interested in out-of-state investing, since the DC area where I live is a bit too expensive for my investment goals.

My audit was settled by NYS first, before the feds, which is odd because the state usually follows whatever the feds do.

There is no "self-help" in Florida, and likely that's the case for all 50 states.

It covers your down payment and in most cases the closing costs depending on what state you live in or County.Focus on 2-4 unit multifamily homes first if possible because you can use 75% of the rents per month of each door/unit as income to qualify. 

How long that takes and the exact steps depend on the state.

Are you investing in your hometown or going out of state? 

@Sam TrightThe agreement with the lender most likely will forbid you from selling any part of the loan, and if you did those funds would be to pay off the loan.As an example if you had a note worth $30k and lender gave you $15k, if you sold a partial for $20k the lender would require you to pay off the loan.Also most partial agreements also explicitly state the loan is not leveraged.

Hi BP looking to see if anyone has experienced this before…Been working a deal out with my agent (well known on this forum and has great reviews) and trying to close on my first out of state rental property.  

I understand the state laws regarding wholesaling in NY are tricky, but is it worth it to spend the money to have lawyers review or draw up my contracts?

You probably should make a separate post one for Oklahoma and one for Texas whereas these are two different states.