I believe I can analyze a deal but have no idea how to vet a syndicator to determine if they have the means and experience to manage the property.  

We'll likely purchase our first house next year.We don't have any plans to buy real estate for investment purposes, other than what's described above, but I joined to try and get some ideas and information to see if it's possible for us.

Even within a state, specific judges can have 'ideas' about what is fair in spite of the contract and the law.

You need cash, probably 20-30% down.It is unfortunate you already spent your money on a personal home, it is a liability not a investment and will hold you back from investing.Shane has the right idea except I would sell the house and buy a multi plex and live in one unit.

Tell me why this is a dumb idea, but let's not get lost in what-if's.Lastly, who are the professionals that I can talk to, to make sure that the work I'm doing will result in a property that is bank finance-able?

I like the idea of doing the brrrr strategy.  

My business partner and I intend to "hijack" the houses to acquire conventional lending, but due to the fact that the homes are on one parcel, the banks we spoke with will not lend to us.Any thoughts, suggestions or ideas around creative financing for this deal?

I kind of pitched the idea to him to see what he would think.

My point here is I have no idea how to run a screening process and what all I need to do before I accept tenants.

This makes me nervous.Any advice, ideas, thoughts, and/or options I'm not exploring?