I'm offered an investment offering outsized returns (20% preferred return over 90 days), and wondering what I can do or ask to determine whether it's a poor choice of investment.

I am not going to debate the SFR vs multi-family, but I prefer to have tenants in place when I purchase.

Here's my situation:1) Looking in the Providence Rhode Island area, and surrounding communities (Pawtucket, East Providence, Warwick, Cranston, etc)2) I'm fairly busy with my business, so need assistance with finding properties (on or off the MLS)3) Prefer properties that are fairly turn key (again, because I'm busy) but willing to take on rehabs for the right deal.

@Justin Lewis We prefer you do just because we can go into a quote right away and give you numbers based on the property.

I prefer fast food/ coffeestep six: Exponentially grow both my real estate and franchise business so at this point I should have around 1000+ doors and around 100/200 franchises Yes, this is a 10-15 year plan and it goes up to ten steps but you get the idea.

Him and his Barbie ex wife are probably just B actors rejected by Hollywood.I prefer the old school construction reality TV like 'This Old House' or 'Hometime'. 

The contract is coming up, and I would prefer to find my own qualified tenants.

so to be successful at this end of it means.. you need great contacts at your title company that will give you a lot of information and also do a date down literally on the phone with you.. you catch 97% of what needs to be caught but your still taking risk.you need to be able to prep your own docs.. you need to get the seller to a reputable notary  preferably at a title company your going to end up using to resell so they know the deed was not forged or coerced .. then you need CASH to either pay off the loan that day or reinstate it.. you need great relationships with the trustee's handling these you should be on first name basis with the person in charge of the file.. then you need courier service to run the cashiers checks ( in my instance from Portland to Seattle to NW trustee services). 

If you use an FHA 203k rehab loan just plan on living in a nice apartment you rehab to your taste as owner for 12 months, then lease it out.

I agree the price is high and was contemplating bc of location running more of a rental model opposed to the preferred mhp scenario.