Ain’t nobody got time for all that.I am by the book with my tenants, and stay professional (Dr/Mr/Mrs/military rank, in every communication - regardless of them using my first name).

That's how I'm approaching this challenge, prepare as you mentioned by learning from others but then taking the leap and inevitably making a few mistakes of my own.Admirable and manly as this list of professional achievements is, there's nothing here about overcoming serious mistakes, about being laughed at, ridiculed, successfully taken advantage of, bankrupted, stripped of your illusions, broken on the wheel of life, and still finding a way to come back from shame and personal failure.You're going to need some of that, Gregory.

Please check with a professional regarding your own tax and liability implications, I’m answering from my own personal experience.

I have been as nice, professional and respectful as possible throughout this situation as when I had initially met him he seemed like a highly motivated stand-up guy.

@Christopher Winkler I don't know the laws in your state, but in PA, having a non-professional investor (such as a first time buyer) sign a quit-claim deed to be held in escrow until such time they default on their payments--that's considered a 'confession of judgment'.  

Hey @Andrew Merritt, I have never been down there personally but I just took a professional development course that talked a lot about this.

I moved from Brooklyn last year, and  closed on a multi-family home in Bergen-Lafayette, there's mass development going on everywhere, "hipsters" and young professionals populate downtown, and are even moving in inner-city neighborhoods.

He was responsive and professional.

And second see what professional are around such as: attorney's, contractors, certified public accountant, real estate agents, etc that will help me dealing with REI. 35?

Always follow up and stay in touch with them. 2) Start a marketing campaign through Yellow Letters by reaching out directly to the property owners in your targeted areas. 3) Go to REI networking events to meet investors, and other professionals like GCs, property management professionals, insurance brokers and other industry professionals.