I had to put 20% down and I bought it using personal credit.

I would recommend talking to many lenders/brokers to see which one has the most experience funding these loan types. 

Meeting the team personally has some value but I have worked with dozens of investors who have never been to Memphis and never meet me face to face. 

Being in Dallas gives you the advantage of doing your due diligence in person, which is invaluable.

Well, I can say from my personal experience owning only A/B located properties, if you maintain all appropriate licenses, take care of your properties, and are responsive to your tenants its smooth sailings.

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.

Sadly, I might have to wait until early 2025 for #5, as my funds have dwindled from purchasing 1-4.

The LLC keeps its veil by not co mingling funds and by maintaining all the paperwork related to the LLC.

But even then, seller financing is rarely substantially better than another investment they could make (including trust deed lending, which will often be at a higher rate than seller financing)In my experience, the owners who find owner financing advantageous are at the ends of their careers and are not interested in looking for another investment (other than the usual retirement funding sorts.)

If not and you wrote them the check, then most likely the $ is gone and suing for that money will cost you more than $1000 unfortunately.So cancel the agreement and request the funds