This way you can minimize your mistakes and avoid some of the risks involved in real estate.

I did send a loan request from him and it was approved in 8 hours :-) , and he did request 750 usd as loan fee payable in advance and again refundable with the loan.He/she was ready to release the loan in 24 hours :-) , I mean it must be such a great deal to get paid in less than 72 hours from application.Amount involved : 4.5 M usd..I am online with him and he states he is in Nigeria.

You want stability not transience.

Anything involving money or an investment you need to meet them in person OR have someone you trust that is local do some research for you and meet them on your behalf.Spending a little money now can save you a ton down the road.It is very easy for scammers to prey on out of state investors much less out of the country.

So you think this needs the involvement of an attorney?

There is no maintenance fee involved actual and thats true there will be any maintenance!!

It's too late for woulda shoulda coulda, but all of this should have available at closing, and the dollars involved should have been on the HUD.

The VA doesn't get involved in the loan approval process as that is handled entirely by the private lender.There is no down payment required as long as the price doesn't go above the appraised value.

I've had an LLC in the past for a business that we owned for a short time and I wasn't crazy about the paperwork hassle involved in an LLC.

Just getting involved in this world after seeing too many deals get done with such ease.