I will have to go to the zillow listings from now on to check out the property histories in depth.     

Originally posted by @Bob Prisco:If you have to ask you should NOT being doing it Good Luck While that may possibly be true, asking questions here is how people learn and providing an in depth answer is how you will be valued as a member here. 

@Brandon Hall thanks again for your help and in-depth explanation. 

Hi Jonathan,Thanks for your post albeit I sense sarcasm within it.I contribute to this forum to share my opinion and experiences and have no intentions of getting into any online keyboard banter.Most individuals will have different perceptions on different circumstances and I never argue that I am right or wrong.My perception on the upstate NY market comes from being personally involved in 25+ transactions in the last 2 years and also having close partners that transact in 100+ per year.My opinion is also based on mostly larger groups/turnkey operators and not individual investors doing 1 or 2 deals per year or a bad experience with 1 or 2 property managers as you mentioned.Feel free to send me a private message and I will be more than happy go into more depth.

I have tried to read many articles on FHA loans, but I cannot seem to get a clear cut, all-in-one, in-depth explanation.I should also probably mention that I my goal is to get an FHA Loan and begin my real estate investing journey.Thank you!

You'll find some in depth past threads that have some really good ideas.

Every one had flawless title history, verified by an in-depth O&E title search I purchased. 

You should probably target a mid sized firm, one with enough depth to be able to address cross border tax issues, but yet has reasonable billing rates. 

I believe you also imply that the REI holds the benefit of spinning off some instant income but only a gambler would spend this as free income and not pay off these properties.

For example, he might know that it's going to cost you a ton of money to get the properties into proper shape, and perhaps he is hoping you will spend some of said money, before you realize that the property isn't worth investing in and handing it back to him with a deed in lieu.Can you PM us the address and we can do a little more in-depth research?