Instead of shelling out $60K for a $250K deal, maybe some of you can help me figure out (or give referrals) to title companies, etc, or give overall advice how to save me money from this enormous financial endeavor (closing the deal).Thanks!

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

This risk is amplified the less money you have attached to the deal.

Lenders want to see two years of stable income before they loan money to you.

I only plan to manage these two from out of state until we're able to refinance our second home as we're losing money on this particular house for rent as we bought this home last year. 

This is true for all private money lending situations..

But there are a few ways to shake things up:Cash for Keys: Offer them money to move out.

The Strategic Neighborhood Fund is pumping money into key areas, and it’s making a difference.

They will save you time and money. 

An example of this would be mixing your personal money and LLC money in the same bank account.3.