I am not familiar with who you are working with but always recommend vetting any company deeply before signing and paying -- those companies tend to have a lot of overhead they need to pay - out of your bottom line.

I would personally encourage you to use debt if you are looking to wait 3 years to get started though.

RegardsGiles DalrympleIn my personal opinion there were lots of red flags with Lane Kawaoka deals.

Next to 0 unless it is coming from a personal contact or a HELOC or something like that. 

I personally won't be doing them here in MD, but some people specialize in acquiring those types of properties and I would strongly suggest you to attend local meet ups and try to speak with someone who had done it successfully and never got burned.

We run in-person meetups in Northern New Jersey on the first WED of every month, but in July it's the second WED in Morristown.

If you can find a partner with the capital and/or lack of time, you can become that go to person on the team to make sure you are making solid decisions on the buy side, especially if your partners are out of state. 

They will want to walk through the place and may change their offer based on their personal inspection. 5.

If you are thinking of creating a secondary market of some sort, you'd be the third person in the last 5 years that I've talked to and answered this exact question. 

see link http://www.dupageco.org/Recorder/3392/You can search personally or online.