I don't know if he was trying to hustle a wholesale type deal on his own place, whether he's hiding some major flaw, or just a flaky guy, but obviously this deal wasn't going to go through. 

Back in "the day" we would get the same info and a weekend long event for $497 (Wow, now i starting to sound like my grandfather)Today, because of technology being so widely available and inexpensive, you can get the vast majority of the core information that you need to be successful as a real estate investor,  for free!

This is NOT an attempt to dissuade you from doing so -- bidding at the local sheriff sale on foreclosures is a major part of our business model.

Since I did not have scale, I did all of the property management myself (advertising vacant units, showing property to prospective tenants, minor maintenance, finding and overseeing contractors for major repairs). 

Well if you’re using a VA Loan the property will have to be “move-in ready” so if any major repairs were needed this would be a problem.

I have tried lists from REWW / Realeflow / Datazapp to try and contact motivated sellers, but the vast majority of these prospects have no interest in selling their property or want too much.

Major eye-roll there.) 

The majority of REI's in Texas that want to access their equity will just us a cash-out refinance.

@Jason DiClemente This is very true, however, I'd imagine regardless of whether or not she was closing under an entity or as an individual the majority of these loans are going to come with a personal guarantee.

When I went to start services for the property, I had to go through a major process to prove that I didn't know this person, and wasn't associated with him in any way.