I know that there are companies that are a little spread out geographically and handle the purchase, rehab, and placement of a tenant, but I would be less confident that they would maintain a presence in that particular location.

You also have to pay a fee to maintain access to it. 

The house is an older home built in 1880, but it has been maintained well.

It is a 138 unit in Wilmington, NC. 1984 construction well maintained property with a nice value add component.The property is currently being owned by 2 brothers, who have a construction background and have a in-house manager.

I'll also be contacting the REO list agent to see about getting the preliminary title if available.This actually all started by me asking, 'who maintains the road'.Thanks again your were very helpful and explained this in a way I could understand.

They took possession July 2012 and have been maintaining it since with the expectation that they will own. 

I think there will be some things along the way that you may not particularly like but as long as you remind yourself that these are temporary steps along the way to bigger and better things, you'll maintain your motivation and perspective.Ten rentals is aggressive but that was also my intention.  

For the Self-Employed it becomes much more critical to maintain net worth data than if you get a W-2 to account for your income. 

Notwithstanding this section, a licensee may not pay or offer to pay a referral fee or finder's fee to an unlicensed individual that is not a party in the real estate transaction;(12) violates any provision of law relating to a buyer's freedom of choice in choosing an attorney, insurance agent, title insurance agent, or any other service provider to facilitate the buyer's real estate transaction;(13) fails to disclose in accordance with Section 40-57-139 the party or parties for whom the licensee will be acting as an agent in a real estate transaction;(14) receives compensation in a real estate transaction or directly resulting from a real estate transaction from more than one party except with the full knowledge and written consent of all parties;(15) represents more than one party in a real estate transaction without the full written knowledge and consent of all parties the licensee represents as provided in Section 40-57-137(M);(16) acts in the dual capacity of agent and undisclosed principal in a real estate transaction;(17) accepts deposit money which is to be delivered to the licensee's principal in a real estate transaction without informing the payor and having the payor acknowledge in writing who will hold the money received by the licensee;(18) issues a check in connection with his real estate business which is returned for insufficient funds or closed account;(19) fails to disclose in accordance with Section 40-57-137 any material facts concerning a real estate transaction;(20) violates any provision of this chapter or a regulation promulgated under this chapter;(21) violates a rule or order of the commission.(22) induces a party to break a contract of sale or lease, listing agreement, or buyer agency agreement;(23) engages in a practice or takes action inconsistent with the agency relationship that other real estate licensees have established with their clients;(24) fails upon probable cause of an investigator of the commission to make all records required to be maintained under this chapter available to the commission for inspection and copying by the commission or fails to appear upon probable cause for an interview with an investigator of the commission.

I maintain a 70% loan ratio at the maximum if I choose to even leverage a property.