Quote from @Benjamin Larabee: Hi all,My wife and I have worked over the last 7 years to build a rental portfolio and are getting to the point where the bookkeeping/data entry tasks are becoming too time consuming.

Their children (now in their late 40s) inherited the house, but they have not listed it on the market, and I heard that neither is willing to move into it from their current setup, so the property has been sitting vacant.

We were two weeks from closing, and I received a call from our attorney stating that the title came back incorrectly.  

You will not be managing it, so there is no difference in doing it somewhere else in the US. 

I'm a local, CT based investor, flipper, and property management company owner.  

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

Quote from @Eric Gerakos: My wife and I buy many “fractional” notes where we live in California.

Connect with other investors, agents, and property managers to get a feel for the area and learn from their experiences.Are you thinking about house hacking or just straight-up rentals for now?

Reqauest a refund from them verbally and in writing and  continue to follow up and  go up the  management  chain if needed . 

I'd be seeking someone to fund the down payment of the deal and I would be responsible for property management/bringing in funds for initial renovations for a profit/split.