Ask the PM to send you their documentation on potential tenants so you can have final approval.  

If she is not a party on the Note (the debt), she will still have to sign the Mortgage (the document pledging the house as security for the debt). 

Even a skilled real estate investor can get themselves in trouble, and sometimes solely because they prepared their own documents.  

@RichardHave you asked your investor what he would like to see as documentation behind your plan?  

http://www.com.state.oh.us/documents/real_Salesper...

Hey Peter,Each hard money lender is going to require different documents and criteria.

@Mike Ritter We will definitely take a ton of pictures and videos to document how the house looks before the first tenant moves in.

Most private owners are not going to want to take the risk of financing because the foreclosure process is oftentimes more complex and longer than the eviction process and most do not even want to deal with being a landlord which is why they are selling.That being said, some people are naive enough to take whatever offer comes to them if they have been waiting around long enough and the person making the offer attempts to document why they would make a great person to finance to.I would probably also offer to pay interest (5-10% fixed) and show documentation of work history, rental history, taxes, a handwritten personal letter of interest and motivation for wanting to purchase the house and anything else.

Ideally, you'll want to negotiate all the salient terms of an agreement via informal communication and letters of intent, then bring your attorney in to draft the documentation. 

Learn about the transfer and lending documents, sales documentation, deal structuring, everything that you can.