If I lived in Indiana I'd be doing a ton of deals.Many parts of Indy experienced zero rent growth and effectively zero appreciation in the last 30 years.

However it really is not a cost effective use of time.

My point is that there are so many potentially dangerous unforeseen scenarios that could effect the two of you, that having a clear legal document should take priority in your evaluation of this "partnership". 

They have an option to select multi-family properties and you can filter the results to your liking. 

Have you selected your Team members?  

Anyone have advice on how they narrowed down their search when selecting a out of state locations to invest in?

When a rental property is foreclosed on, do the leases get wiped out or do they remain in effect? 

They have effectively told you, by hiring the listing agent, that they do not want to be directly involved in negotiations and it won't go over well if you try to contact the seller.

I think its a more effective use of funds.

Even taking affidavit's to this effect or having the LMO take a notarized statement from the borrower that they are happy with all terms and price.