I would be interested to hear more about the area since I, like @Julianne Kauffman, am relatively close but know little about the city.

With $40,000 in cash reserved for contingencies and closing costs, a 20% down payment would be just out of reach for me.

He enjoys the outdoors, living close to work, and the public transit system.

They manage everything from property search to closing and provide comprehensive updates, including video walkthroughs.

While this isn't common, I have know people that bought their first rental and when tenant moved out, had caused close to $20k in damages and skipped town after one year of living in place.  

The last 2 deals I closed were pre-foreclosures (Arizona).

All new Samsung appliances, new flooring, quartz and marble countertops throughout the unit, including all new wood and soft close cabinets and your own private fenced in yard great for entertaining and more.

I grew up in Newburyport which is close to the border. 

At that time, the builder will pay the accumulated interest along with the principal.We have discussed a few different options to structure this arrangement, assuming an interest rate for interest-only loans with monthly payments is 10%:Option 1: delayed interest with a rate of 12% (interest rate is 2% higher)Option 2: charge a lower interest of 8% then profit share (need to determine appropriate % split)Any other thoughts on how to structure this arrangement?

@Jeremy Staggers Houston has plenty :) American Title Company of Houston/Patriot Title/Capital Title ... all of them have 10+ branches  and they do all sorts of things for investors (e.g. expedite title search, loan doc prep, double close, blind HUD etc) ..PM me if when you have a contract and would be more then happy to introduce you to one of them.