I got a Freddie Mac loan for my commercial property and in the approval process they mentioned they don’t really like distant out-of-state purchases for first deal.

I would suggest you mention to all that want to see the house what your criteria is before meeting and showing it.

You can cash out from#1 and #2 around the same which you mention.

If you need to take online, I heard one Agent on here mention 360training.com.

That being said - he did mention the roofs are new (the quad is made up of two top/bottom duplexes) and appliances are newer, so sounds like information forthcoming when favorable to a sale. - The area is not bad at all in terms of crime, etc, but is surrounded by low income projects and other types of modest housing, so don’t know if a reno/flip would provide the income that would make the project worth the time. - For buy/hold - this area has many section eight and the new owner would probably have to be open to that to limit vacancies. - it’s wood Construction and the current owners seem to have had issues with termites, as they’ve fumigated, which includes tenting and removing tenants - expensive procedure that could significantly impact cash flow.The agent I worked with to get this info is excellent and has worked with investors before - pm me if you want her contact.Good luck!

@Sean Almeida  I've lived in Latin America so am familiar with the type of risks you mention.  

One would need to target that small segment with that specific need (foreclosures and probate sales as you mentioned) If those are the kind of deals you're looking for.

These same portfolio lenders should also all allow you to transfer it but that shouldn't be necessary if you start with an LLC upon purchase.I work for a lender that offers a line of portfolio products along with the other loans mentioned above. 

You mention that networking and utilizing what the speakers said as one of your keys to growth. 

The existing tenants have mentioned separately (this is an up/down duplex) of smell of mold.This is not difficult to believe if in fact there are these obvious cracks on the home exterior.There is no doubt water/moisture is getting into the home and creating a condition for mold to grow.We had a structural engineer out to do our buyer’s inspection yesterday, report is due out later this evening (11/04/17).Verbal communication while on site, indicated a mutually shared concern over these cracks.The roof appears fine.A wall in the backyard will need replacing as the soil weight has almost pushed this wall over and it is only a matter of time before this thing comes falling over.Boiler may need replaced, windows as there is some clear cold.These are just concerns at this time but inspection report will lay all this out once received later today.I should have been a little smarter in not agreeing to a change in inspection objection deadline when it was presented by seller.My buyer’s agent and I should really have talked this one over, as I realize now that, it left us with only hours after inspection to come up with our inspection objection response and to be honest I will not have time to get bids for any of the extensive repair items which I do not doubt will be confirmed in the report received later today.Seeking any advice that you can give on the following: Would you proceed with purchase of the above detailed home?