Be sure to set boundaries and plan for the hard times.

We agreed to partner on project via a handshake deal.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

For our current portfolio, we’ve checked comps via recently sold on Zillow initially and asked our realtor for comps before purchasing.We’ve always been upfront with the realtors we’ve worked with (that we’re looking for below market or distressed properties) and have seen excellent responses.

I have purchased houses for $1500 via tax sale.

@Christina Morales1) Posts like this one should go into marketplace to avoid being deleted2) Your best bet is to connect with the brokers locally as well as to become a regular at the local REI events found via BP and Meetup.

There are two ways to extract capital from a C Corp....well three if you consider a loan extracting capital...and that is via salary or dividends. 

@Michael Casana it was actually a credit union I used via my employer.

I currently have a property under contract, the "owner" that lives there got the home transferred to him via quit-claim deed.

I find them by networking directly with other investors and indirectly via an investor club.Hope this helps and good luck.