Of course, you will be risking not getting paid.You also want to calculate your gain carefully.

Then you'll have a house you no longer care about and just want to get rid of....and a wholesaler will come in low ball you and flip it to the next dreamer.Rinse and repeat 

Be careful and make sure you know the area. 2.

I would like my investments to be in multi-family properties so I can build wealth and take care of my mom.

We don't need this, as I can direct who will take care of the property as part of the land trust.   

The point is, even if you have auto pay, you still need to pay attention to your bank accounts and make sure there is always money in there to cover any upcoming payments.

This sounds easy and innocent enough but be careful because if this goes bad you can be in trouble because a judge could potentially see this held back as a lease option fee or owner financing down payment if he gets a smart lawyer .

Can someone recommend a good RE attorney in Southern Cal that specializes in notes and TDs?  Thank you!

But we are very careful with tenant selection and find the creams of the Class C resident pool.I think you're going to be disappointed with paying out more than $50K per unit for anything that only yields $100/month positive cash flow. 

However, I know their stressed from using all of their intellect to solve problems for a company that doesn't care about them.