If possible, consider a duplex or single-family home with extra rooms instead, as they offer better appreciation and flexibility.

it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

It eliminates extra paperwork for foreign investors and is better for them. 

And let’s assume that the requirements are going door to door and convincing “motivated” homeowners to sign a contract with you selling their property below “market” rate.  

Find the best local real estate investor meetups that have no pitches and you will increase your knowledge, camaraderie, and motivation ten-fold.

Hey BiggerPockets Community,I’ve got 2 extra tickets for Hunter Thompson's RaiseFest happening at the Arizona Grand Resort & Spa — starting this Wednesday, February 19.

Since the properties are in New York you have a few extra steps you need to do to keep all of your funds out of NYs hands at closing.Here's an interesting BP thread on the South Carolina property tax issue you mentioned. https://www.biggerpockets.com/forums/725/topics/604427-south.... 

They provide everything the larger platforms do—and honestly, they have some extra options that others lack.

Should I take extra steps to verify their identity and legitimacy?

Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?