I would prefer a local experienced investor with significant (i.e. more) equity at risk than myself who will make the right decisions on behalf of the investor group.

After reading books and listening to Brandon and Josh on the podcast, we are convinced that we need to start with a multifamily (preferably a 4-plex).We have been pre-approved for an FHA, and have looked into a 203k Loan.

It has more to do with noticing of parties and assurance of parties who have, may have or had an equitable interest and must be noticed in a legal action.Btw, a non-judicial foreclosure is not an "action" by definition.

Since I'm investing from out of state, I'd prefer to start with homes that are move-in ready.

I prefer to list the property with the commission spelled out up front.

When I ready to add two agents, I will be looking for experienced investment specialists    who is knowledgeable in real estate taxation, depreciation, exchange, and management and someone with atleast a bachelor's degree preferably with a background in business, finance or economics.This is the path I had taken which worked out well for me but  it may or may not work for you. 

He hasn't raised rents in over 10 years as he prefers to keep the park at 100% occ.There is room to more than double the size of the park.Owner is willing to finance!!

I have already contacted my insurance company and they have re-assured me that Im covered.

Though if given the option I would prefer direct deposit, I've had several of my mailed checks already open by the time I've received them from my property management company.

in this case I would use preferred equity to cover another 25% then your response for 25% of your own