When you're ready, take a nibble, then give it some time and if everything falls into place - go full boar.I'm an agent in Oklahoma City and we have multiple repeat out of state investors whose properties we also manage.

@Mr Davido, so I have attempted to contact who I believe would be rightful heirs but on multiple ocassions I get no response.

I agree with everyone's responses.Unless you've got spotless credit (730+), most banks won't even waste their time.Reasons to go with a broker: access to multiple lenders (I could say 100s, but that'd be a tad over the top) to find the best rate, credit score doesn't have to be the best, specialization (most bankers do everything, and might not know how to tailor fit a loan to your needs).Obviously my opinion is slightly biased :D(see blog)

There will always be motivated sellers in every market, so interest rates can help and sometimes make it worse for an investor.During a time when interest rates are high though, multiple opportunities end up presenting themselves.

The intent is to start very slowly with the hopes that 1) we don't lose money 2) we enjoy it and 3) can at some point blossom the idea into multiple properties so we can add meaningful net worth.

I have a different stance on that, I have represented the seller and the buyer multiple times, and my morals and my name are more important to me than money.

You need to have want is commonly called “skin in the game” which means a combination of cash, equity, out-picket expenses already spent on the project, joint venture partner, cross collateral-able property etc typically equaling 20% of the loan size lent.

A TIC investment is where multiple owners have fractional ownership of one property.

It is possible to handle multiple deals simultaneously,but usually you need hard money to do it.Hard money works because the lender looks just atthat property, and not at the fact that you have5 others in progress at the same time.If you find yourself turning down deals, or doingquick flips because you don't have working capital,working closely with a hard money lender can bethe solution...or not, it depends.Sorry to sound like a commercial.

I'm bumping this because I would really like to hear more ideas on how to manage multiple properties.