Rented to both students and social service recipients.

I want to do that for the first 2 or 3 deals, and get my feet wet, before engaging in other strategies. 

Here the social-economic system is totally different ( high tax rates and unstable Banking system etc.) from US but the opportunities remain attractive for a real estate investor! 

When you recieve rent the IRS considers it passive income and it is not subject to FICA, FUTA, Social Security etc. 

So have your friend fund the loan, wait two months, and then engage a bank.

In a recession is when the outside investors begin asking questions, engage attorneys, and try to find a way to hang responsibility for their loses on someone else.

Definitely read and engage in the forum.

Easier to engage with them when the discussion is public.

I have an accepted NOI and just signed the engagement letter for attorney to start putting together PA to purchase 2 properties in Lawton Oklahoma totaling 244 units.

Market elsewhere:  Facebook Marketplace, Facebook groups related to the location, and many other social media sites, as well as the many FSBO sites that are online.There are only two reasons why a property isn't sold or rented.