It sounds like you get the Quit Claim Deed, but then the previous owner (or technically any lien holder in a higher position) has 6 months to reclaim the property and they would have to pay your purchase amount back + 20% interest.  

If you crowd-fund a campaign, you're not technically receiving any equity.

Some settlement agents will require settlement and use of the funds, technically to close the first transaction and at the second transaction that loan is paid off.

I technically already own my first rental property, and I am currently in the process of getting to be cash flow positive.

@Angelo Behar  You hide behind the technicality of the situation.

Tenant could still leave early on you.. but if you have tenants with good credit, you could technically take them to court if they don't pay the remaining months of the lease.  

@Eric Michaels thanks for the technical correction

Plus, although with pricing Maui does technically have a "high" and "regular" season, there really is no down season there, unlike that of places near the ski resorts here.Although we don't own a place in Orlando, from what I've researched and others have mentioned in this post, that sounds like it can be a great place to invest.  

There is a 4 plex, technically 4 townhouses, near where I live, that I'm looking into.

Here in my state, all business is technically done with the broker, not the agent.