So much fan love sounds and feels extremely odd.

I know he will be able to give you the proper guidance that you need in order to make a sound decision.

Sounds like you've started your research on OOS investing, but the single best piece of advice I can give you is to establish a trusted investor-friendly agent who will be your boots on the ground once you decide which market you want to target.

@Jim Bice this actually sounds pretty reasonable to me given the situation you described.

It sounds like a few people on this thread don't really understand how PMC's operate or why they may charge extra fees.

I'm thinking of doing a loan with them but it sounds too good to be true and you know what they say about that. 

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.  

And what is your price point, and it sounds as if you're OK with slight to moderate rehab, is that correct?

Sounds like with are under charging our owners by thousands of dollars or they are trying to rip you off.

Sounds like 1031 to a different property and house hack from there is the way to go.