We have done lots of research about the city, but I know there are things that can come up from people with experience, especially since we are OOS (and out of country too actually!).

You’d be shocked by how little actual screening many PMC’s do!

I was actually googling and saw this post pop up about safeguard so I figured I would jump into the conversation.

Consult someone who actually knows what they are talking about/does this for a living, but most of your tax savings are only going to offset the earnings of the partnership rather than one of you individually.

Wholesalers (no offense to those in the comments) who are doing this without being a foreign entity are probably co-wholesaling which is on the borderline and practically acting as an agent without a license or getting referral fees by having actual wholesalers on the ground doing deals and they just provide the leads which is different than wholesaling.

. - When you go to actually complete the application process and send them the link to complete their screening, another portion of applicants will evaporate. - Some of the qualified tenants will also just drop out because they found another place they liked better.

Once the loan matures, the interest rate could go even higher and you can actually start losing equity in the deal.

He actually was supposed to renew a week ago. 

@Fred Robertson, I was actually reading a little about this sort of thing today and it is absolutely the kind of thing where you get a CPA or certified financial planner involved!

I'm actually jumping on here to let you know that am also an investor around the Champaign area, I'd love to connect!