It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

The settl4ement was private, but I bet it was at least $400k knowing the attorney's involved, maybe more. 

There are small communities in Texas where the 3 or 4 small brokerages in town just keep a list between themselves or have created a Facebook group among themselves to promote their listings.I have run across a few Brokers over the years that just worked with buyers in the purchase of HUD/VA foreclosures and were not Realtors and therefore not members of a Board/MLSHowever, in any MLS that I have been involved with if the Broker is a member of the MLS, all of their agents are also required to be members. 

Paul involves attending meetups and joining REIAs, working with professionals like CPAs, lawyers, and agents.

MFA are involved and recommended Zeker - this thread has me second guessing proceeding with them - any further thoughts on using them? 

Yes there are some big items involved in this, and I'm very excited to figure them out. 

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 lol, yea there is a decent chunk of investors who get really butthurt by that one bad unit turn and just give up.

@Matthew Morrow, I am a little curious on how you are involved on the deal and what your relationship with this client is?  

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

But the more property you buy the higher the likelihood of being involved in a situation where asset protection above basic liability insurance can SAVE YOUR A_ _ !