I would definitely recommend getting some assistance since Real estate can get very complicated very quickly.

You are going to become very good friends with the Judicial Case Search website. 

This is a noble idea, but the difficulties usually happen when life events (the "dreadful Ds" = disease, disability, death, divorce, disagreements) complicate things.

You may find yourself looking at some larger deals through the accredited only syndicators and most likely with more complicated waterfalls and debt structure, but I wouldn’t think it makes the deal any different better or worse.

Either that, or the provision states "Tenant pays co-pays but if the repair was due to normal wear and tear, landlord shall credit tenant and deduct the equivalent co-pay amount from the following month's rent" - I don't know... these home warranty programs just sound like a headache to deal with and actually more complicated than just finding a good handyman that you trust and have a good relationship with who can just take care of a majority of issues. 

How that works exactly is a bit more complicated.

Contact your realtor and look for anything quad or less as anything over becomes more complicated.

It's not really that complicated to buy out of state.

@Sameer Lalwani - At the risk of over-generalizing what can be a complicated question, when thinking about structure you're doing a cost-benefit analysis. 

Experienced flippers make complicated things look really easy and it is difficult for them to teach you how they do.