@Josh LeClair Cool, glad to hear that the preliminary analysis sounds right to someone there haha. 

It is at a cost of $40.For Tenant, if they are interested in signing a lease: 1.Fill out preliminary application.2.Verify application for 3 times monthly rent income, pay stubs, no felony, no evictions, at least 1 year on job.3.Query all adult names in state Courts Online system.4.Query Facebook.5.Query County Assessor page for properties in their name (foreclosure?)

My wife and I have made preliminary plans in 8 months (8 months because we will have a sufficient "nest egg" saved up) to make the jump from a W-2 income to 1099.

Have you run any numbers or put together a preliminary analysis to demonstrate the performance of the deal along with a proposed structure between yourself and the investor you are looking for and need?

And forget about cash flow.I’m investing in AZ and located an off market 19 unit property that is +10% cap, 9% CoC, and 1.4% DSCR.I’m also looking at Nevada. basically anywhere I’d like to go visit and mix business and pleasure.You can’t find that in Seattle/Bellevue.I’d be interested in getting your preliminary thoughts on where to invest for MF in 2019.Congrats on entering the REI game.

--Below are a few of my other favorite cities... just so we are all aware that crime is not limited to the Mid-SouthSan Antonio, TXNashville, TNDenver, CO*I hope this tool will help OOS investors with their preliminary due diligence. 

BTW, $5K is just a ballpark estimate of the immediate capex for preliminary underwriting.

I have the preliminary calculations below. 

You should get a preliminary title report when you're in escrow and that'll give you an opportunity to ask the lender to clear outstanding title issues.

Demand to see a signed sales contract and Insist on seeing a preliminary title report before letting go of any money.