Middle scenario, I use a turnkey company to make my first long-distance investment, learn, realize I can do this on my own with better margins and make subsequent deals on my own.

Be aware that if you borrow your maximum allowable in order to complete your rehab, that doesn't mean that your home will subsequently be worth 175% of your purchase price!

The home was abandoned and subsequently auctioned.This is in Thomas County, Georgia near Thomasville.

Talk to him/her about what they are looking for so you can repeat it on subsequent properties and be prepared to bring them back in if you get into something that is questionable.

Both of these folks have lots of experience doing multi familyI used: Tim @ B&R Enterprises Certified Home Inspections and Consulting www.brhomeinspections.comfor a thing deal in Fairfield I used New Start Home InspectionsFor a deal I did in Oakland, but they are supposed to go all over I can't post the phone numbers PM me if you can't find them on google 

lHowever, if @Zach G. wants the benefits of direct capitalization and subsequent depreciation of a real asset he has to have a direct interest in the property itself and not an interest in the entity that owns the property.  

I'm considering taking out a home equity loan/line of credit on the house to purchase a subsequent rental property.

I'd imagine hiring a competent onsite manage to be critical in this type of enterprise, but I was hoping to hear about personal experiences from those that are far wiser to this than myself!

Full disclosure means.. they are concerned about subsequent conveyances of beneficial interest (all or a portion) by the settlor, after the trust was recorded.

@Jeff Filali  This is the kind of crap that makes people like me despise the entire wholesale/contract flipping enterprise - and especially the gurus who make money teaching this garbage.The homeowners were seriously abused throughout this and they suffered very real damage.As to the sellers doing more due diligence, sure.