This business relies heavily on relationships which is why I think this is such a crucial action to do if you are looking to invest in a market.Long story short is I whole heartedly believe if you are looking to invest out of state you need to take the time to go out there for yourself and see the city/market in person.

I don't have a lot of money saved up and I currently have poor credit 580-600, but I'm interested and dedicating myself to taking the first steps of financial independence by learning the ins and outs of the real estate industry.

To be honest 140k+ of household income should put you in a pretty dominant life position even in a higher cost of living area, financially speaking - with the right plan.

If your financial situation changes between now and the refi then you will have a hard time getting your money back.

We hold tenants responsible for the actions of their guests as well.

As part of my risk avoidance/Exit strategy analysis, I was taking into account the possibility of a market correction or a deeper financial trouble around the 18 or 24 month mark.

@Steve A. when selling your best course of action is to market to the greatest number of buyers. 

There are other strategies out there, and I don't know your financial situation, but you should plan on showing up with some money.

The reason for me wanting to do REI is to be able to achieve financial freedom and do what I truly want with my life. 

The Seller should consult with an attorney about a quiet title action.