This is why I prefer the cash-for-keys approach.

Otherwise, there are over 20+ CPA professionals/firms here in Biggerpockets specializing in real estate (key point).

Speaking to that question, it seems that you have already keyed in on the fact that one of you should be moving towards that.

Remember, thinking long-term and taking imperfect action is key to building wealth and gaining experience.Good luck!

Question..... Does anybody know if a bank will qualify a sponsor that has the net worth but does not have a schedule of real estate?  I'm wondering if I could use a family member with a high net worth on my larger mul...

Quote from @Hanna Brown: @Jay Hinrichs If the bidder at the auction pays cash for keys to get the homeowner out, does the person redeeming from the owner position (exercising rights of redemption w/in 180 days) have to reimburse them for those costs they paid to get the homeowner out? 

Be sure to include instructions for turning in keys, notifying you that she's out, etc.

Confidence is key!   

The key to using leverage is to still have a lot of equity in the deal, have a lot of liquid cash to cover issues, and make sure the property has strong cash flow either way.

I think getting really good at one thing, establishing a network within that niche, and being able to analyze deals quickly is the key making things work.