You have to apply common sense to each situation.

I don’t do bandit signs because they are illegal in my area and I don’t feel dealing with that situation.

If you’re buying an REO with cash (especially in a multiple offer situation), you may have an edge working with the listing agent only.

When we aren't there, we would definitely rent it out for weekly rentals.Numbers:Have up to $100k to invest in this Duck propertyConsidering homes in the range of $750k-$800k that attract around $70k annual rental income.We know that we will likely only use the property in season for a week or so, but we would be using it more out of season.Any reactions from investors who have considered this/similar situations? 

By going to the meetings you will be exposed to many different types of real estate situations. 

Texas answer:Keep in mind that in Texas most questions like these can only be answered with a most likely or probably as we have elected officials(Justice of the Peace) that are not bound in many situations by precedent@Robert Clement Can you still evict for late fees?

My goal is make profit without having lenders chipping into my money.From a financial standpoint, those are not equivalent situations. 

I appreciate your input on the situation and am glad I posed the question to the forum. 

She’s a friend so we really want to handle this situation well.

These are all conversations you will want to have with your attorney and CPA so that you get advice specific to your own situation.