Yes, reading is great to learn about specific technics, but hands-on application when running alongside guys that are doing it day in and day out is far superior.

Here are some specific questions I have:What would be the best approach for someone like me who is completely new to real estate?

If it’s a homestead, it’s a two-year rights of redemption, this is specific to Texas, I don’t know about other states.

I guess one of the biggest things to consider is how long you plan to be in each specific property.

Best thing to do is you should meet with a real estate attorney to go over the specifics of this deal to come up with the best solution to maximize your returns as well as protect you throughout the transaction.

Wilson - I agree with Kai on using a broker for this specific situation.

Your question is condition and location specific.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

@Sam Peterson yeah, everyone will have an opinion here and it's important to know what's right for you specifically.  

Folks just have to realize NO money up front and especially.I wish BP would be able to tag the American Greed episode on REmington financial and tag Ingrid Robinsons website .. these were classic cases of fake lenders.. with Ingrid being the victim and taking down Remington who had been doing this for over 20 years.. those guys had some cajones they took Due Diligence and deposit money for all those years but never over 10k so anyone complaining it would not go anywhere.. it was said on the show that in all those years they closed no more than 3 or 5 loans.. both the principals got major prison time.the issue today is most of these folks are hiding on the internet or are off shore very tough to catch and your not getting any funding or money back thats a given.