Don't get me wrong, they could be great people, but I am a very hands on landlord and don't want my property turning into any trouble.

Just make sure everything is in writing and that you are covered for things that might go wrong.

I feel I should point out though, and please don't take this the wrong way, but you're not an investor yet.

Make sure you always leave enough of a cash cushion so that you can make your payments for months, maybe even a year, if something goes wrong.

What flexibility do i have in making a bid but not being locked in based on something that could go wrong (legally or otherwise)?

Correct me if I'm wrong, but is this the overall procedure?

Many investors have said it is the wrong way to start out.

Hi Kelly,I'd still consider myself a rookie with all of this so that being said I may be wrong.

They did all of the loan calculations wrong, did not transfer money paid at closing to set up the escrow account, and then sold my loan to Suntrust, claiming I was in arrears when they had not properly credited  money I had paid at closing to set up the escrow account.

Seems you're seeking advice in all the wrong places.