I do not have the funds to pay for a mentor but I am willing to work out other arrangements if necessary.

We don't own any of the units but  have arrangements with owners/property managers which allow us to operate by sharing part of the revenue.

Never hurts to arrange a walk through though, unless of course the roof collapses.

Whether that's worth it to you or not is something only you can decide.4) While you're doing all this, download and listen to Del Walmsley's (LU's founder) podcasts and those from Old Capital, a company that arranges financing for a lot of multi-family acquisitions in Dallas and elsewhere in Texas and throughout the country.

This is not a common arrangement in my experience.  

Can I arrange it so in return he names me as beneficiary (he is no heirs) and will I be able to pay off the loan (and at what level?)

I've arranged the financing and am now actively looking for this deal in the Tempe/Mesa area.I'd like to connect with other members in the area and would like to learn about meetup events here as well.

MerlinI would be happy to meet with you and explore some options and give you insight to what I have done via 1031 and moving from Austin to College Station - if a meeting is of interest to you - Contact me off forum and we can arrange!

I could see no issue in having a contractor be along to give bids on the vacant units but time is money and to arrange appointments for bids like this is time consuming on everyone's part.. hopefully they'll cooperate, but for sure get the final walk thru scheduled. 

I would then like to find a buyer interested in an owner financed arrangement to cover the mortgage on that home.B - Find a buyer interested in an owner financed arrangement for my home.