If you can pull the trigger on 85% ARV's than my hats off to you though those deals seem thin for my taste with hardly room for margin of error.

Also, appreciate the good taste - Decemberists are solid. 

Initially I am planning to buy locally so that I can get a true taste of this strategy, and so that I can attend to any issues directly by being so close.  

Mike, a 10% down payment on an installment contract is customary, but a land contract, contract for deed has a new bitter taste to it, especially for a seller.

I think the various repairs and the time it took to fix them in the past year has put a bad taste in their mouth.  

In other words, wouldn't you want to start of with a small duplex-4plex or a SFH to get a taste of the landlording business?

I also spoke to RE attorney yesterday from MN broker's hot line, because I'm a licensed broker and he told me the same thing, ''NO, you can't pay anybody anything that leads to a sale or purchase of the property unless they are licensed''.I even went deeper and asked the investigator ''what if I pay somebody a fee for doing a marketing research for me that leads to a property purchase or sale'', Investigator said ''No'' again and referred me to a Statute 82.70 that describe this.There should be a loop hole for this, but I was ''invited'' to the interview to the Dep-t of Commerce before 4 years ago, (nothing has happened) but had very bad taste in my mouth after that.Thus I always double check with 3 different attorneys in regards to RE questions because they tend to give different opinions.

I would love to get a taste of investing "remotely" since I WFH

As I stated in a previous post, although the town borders a town that has historically been known as a "bad area", this building is in a section of that town that was recently listed as one of the most affluent areas in Arkansas.Your post is certainly in poor taste and just goes to show there will always be a few bad apples in the mix.My advice to you is, don't be a hater!"

My realtors have over 30 years experience in this business and are very confident and comfortable that this was a good, safe bet for a newbie to get the taste.