That said, from a learning and mentorship perspective, local would be awesome, but your willingness to help from anywhere would be greatly appreciated.

@Chad Carson I may have a different perspective than a lot of landlords. since I use to own a public accounting firm, it is almost impossible for me to give up an accounting program and use Buildium.

@Jillian Risch - Welcome to BP.Feel free to ask questions and try to get different perspectives from the audience on this group.

When the stock market deflates, it'll take the RE market with it...Account Closed - very interesting perspective.

I'm new to Bigger Pockets and looking from some perspective on our initial planning from more seasoned investors.My spouse and I are at the beginning stages of getting into real estate investing and property management.

More specifically, whether the fact that they are defaulted is going to prevent me from getting a mortgage given that from a DTI assuming a 1-2% payment of outstanding balance periodically still leaves me well placed from a DTI perspective.

I'm originally from New York and I'm just used to thinking about real estate from a neighborhood to neighborhood perspective.  

This has "nightmare" written all over it.As @Erik W. pointed out, there are more than a few things here setting off red flags.With that said, regardless of whether this guy is on the up-and-up, it doesn't sound like you're actually in a position (from an education or experience) perspective to be able to help.Unless you have some previous capital raising experience and have a warmed up investor network (or you're sitting on a boatload of cash yourself), it's going to be a real uphill battle to get this thing funded.My biggest question is: Why is this guy coming to you (an admittedly new investor with no experience) to fund his deal?

As a San Diego investor with an interest in out of state investing (and two properties in contract in KC), I'm wondering where to best deploy my capital from a macroeconomic perspective.

CAVEAT: I don't flip houses, that's more business finance perspective.