@Griffin Sisk I learned the hard way investing with friends that to cover your bases be sure to make it official and have a formal partnership agreement with at least one or two well thought out exit strategies in the event something goes wrong or someone needs to exit the investment.

Personally, I'd never write anything like this in a public forum (I'd never think it in the first place) as I think it dangerously borders on racism but to each their own.

For example: An owner might want to 'co-manage' with you; so here we have a person which doesn't know how to manage which is not licensed, receives no formal scheduled training..  

You will generally find that almost everywhere, including unincorporated counties that house urban cities, rooming houses or border loging is specifically prohibited OR includes specific permit regulations like obtaining a Conditional Use Permit.

It is border line blasphemy to call the Amarillo area North Texas, that is the Texas Panhandle.

What is the formal/informal process?

I have no formal education.

I'm working on a more formal goal/plan.I learned about bigger podcasts from a Captain in my unit who's been interested in real estate for a while.

I suspect many fix and flip or repositioners look at 5 to 20 deals beofre they pull the trigger on one.. can't get discouraged looking at only one property.also drive bys can help 2  without making formal appointments

Hi Dan et al, I'm an architect in Ridgefield CT (just over NYS border) and have done 100s of renovations on older homes (love them!).