Check out the threads that Nicholas L. linked to above then use the search function and you will find literally dozens more like it and begin to understand what can go wrong. 

SwissPMG can assist you in your property search, underwrite, acquisition, rehab and property management here in Columbus, OH.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

I have made some local connections for contractors to do something solo when my current projects wrap up. 

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

I think you bring up a good point of considering offering higher returns to investors if I have to begin to search outside of my network.But my original question from the post still remains, where would you recommend I search for people interested in an opportunity like this? 

Also, they are local to me.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

They hold title, and the mortgage and promissory note were attorney drafted and filed at our local county.