Before investing any money, I would make sure you get the answers to these questions as well as understand what the sponsors prior track record in investing in these types of properties is.Good luck!

Every state is going to be a little different in terms of forms and procedures, but expect any buyer who is represented by an Agent to include a request for you to pay some or all of their agent's commission with their offer just like they would have prior to the NAR settlement.

For example:- "1 time $129 non-refundable set up fee paid at lease signing"- "non-refundable pet fee of $200-500 per animal applies to all pets & must be paid prior to or when you pay your first month rent"- "$30/month required resident benefit package" Just my two cents.

Good news is that he historically has paid on time and when late, paid the prior months + the penalty.

Because I came up with an ARV of only $550,000, based on comps that sold 3 months prior located in the same subdivision as the subject property.

.: Olympia WA just passed an assistance program for certain minorities if they can show they have roots in this state prior to 1968.

A provision in the IRS code known as 72T allows one to receive distributions prior to age 59 1/2.  

Prior to moving out of the first home, we were approached by family friends who wanted to rent our first home.

I charged them 1 day late rent fee and asked them to make sure any new accounts are verified prior to the 1st in the future.

Because buying a one-off in those areas and then paying property management is going to cut or kill your profits.If you are doing OOS, you should focus on more turnkey or rent-ready over value add because as a new investor, you are going to lose money on the remote rehab.With a prior bankruptcy, an FHA loan, and 50k from someone else or inheritance, I would think a little more solid about how you want to invest.