Hey @Beau Wollens, late to the party, but curious to know what you ended up doing here.

., deductions, 1031 exchanges), could potentially outweigh your current W-2 salary over time.Suggest a trial period for the first deal, involving him in decisions to build trust and confidence in the process.

All the confusion comes from the fact that there are so many different parties that have a say, as to what is a "bedroom".

I'm at a stage where I really just want to get involved and start buying properties.

Managing a property hours away can be challenging if any issues arise, but having a third-party property management company could help handle those situations and make things more manageable.I think you are in the right place to gain some insight on what would make you successful. 

The back of the note is stamped "Pay to the Order of" to some third party "without recourse" like a check.

Companies that know what they're doing don't get involved with the race to the bottom. 

I've selected Collin, Denton, and Grayson counties as my investment focus.My goals involve investing in small multifamily properties and long-term rentals.

Once that is ok'd by all parties then loan docs are generated and sent to title.Title sends the title docs to you or you can go to their office and sign. 

HUD recently has been liquidating these properties and the notes sold to 3rd parties.