She paid him in full and did not see or hear from him for more than 2 weeks, its not until she had her daughter and her son-in-law involved that he started bringing in equipment.

Mortgage fraud, intentional or not is not something you want to be involved in

I'm 26 and  my husband and I want to be involved in real estate investing SO SO BAD.We just opened a moped/powersports dealership together which was very difficult and draining on our finances and credit.

@Luis Reyes,As far as a PM or not, you need to ask yourself-- do you want to be involved, or just get a check? 

How soon do I need to involve the lender in this process?

They will fit you in...

In my opinion, a 'complete renovation' would normally cost more then 10K per unit but then it depends on what they mean by 'complete'.There are lots of questions to ask and have answered before you can determine to move forward of not;- Statement of work (SOW) regarding work done- What is warrantied and for how longetc.Also while this is not a 'turnkey' as it seems that HW does not own the property, they are certainly intimately involved.

If you're looking out-of-state and seeking property management, you need to be sure you're interviewing multiple management companies and really fit with the right one.  

Just remember at the end of the day you own this property and you pick the person who is a best fit.

I invest in residential real estate as well and know that is what BP is for, but I thought there may be members with expertise to weigh in on this issue as well.I look forward to the discussion and if a moderator feels that this discussion would fit better in another area of the forums, please feel free to move it.