Now its time to convert... practice call scripts at least 4-5X/week and speak to as many leads per day as possible.These calls should be focused around building and maintaining relationships.

BUT, this was a stale deal with strong broker relationship AND very uncommon.1% is the standard I hear. 

The tenant needs to move ASAP due to fleeing an abusive relationship (needing to move ASAP is a huge red flag).She earns $3000 / mo as a stripper and receives about $6,000 in education loans every 6 months (in year 1 of 4 for education).

@Carl West,Most banks provide similar services but difference lies on the relationship your able to establish with your banker.

The USA should hedge it's bets and keep positive relationships with its closest trading partners and neighbours.

The use of trusts becomes particularly compelling considering the ever changing relationship dynamic.A loan from the parents to the children's venture might make a lot of sense.As a general rule however, I don't recommend lending money to family or renting to family (or close friends). 

A broker that I have a long-term relationship brought me this deal.

I was hoping to find some people on here to network with while I try to grow my relationship with these others.I need direction/suggestions to research what I should do first.

Here’s why:1) Risk Reduction - for a typically small cost in terms of time and money you can gain a ton of context about an area and the surrounding areas that will help you to reduce the risk of getting into a poor investment2) Relationships - you can leverage your time there to meet with local market participants like property managers, brokers, other investors, contractors, potential tenants etc.3) Business expenses - you should be able to deduct the cost of the trip as a business expense4) Context / Perspective - you simply get better context and perspective by being there is personI don’t mean to say that you can’t do OK by investing remotely but I am 100% certain that you will get outsized benefits from visiting your assets periodically and definitely initially.When I invest in multifamily deals I always visit the area, the comps and the asset itself, this takes time but because we buy 100’s of units at a time it is an efficient use of time.I’d also be wary of anyone who isn’t personally invested in a deal alongside you telling you that you don’t need to visit, particularly if they get compensated by you making a transaction.Investing out of state allows us to find the best returns but don’t be mistaken into thinking that you shouldn’t plan on spending time in your target market.

You can sometimes get around it due to unique circumstances like job moved 50 miles away, relationship change (getting married/divorced), etc ,but if you have all of your life variables the same, it is just one year, and then you can buy another property.3) You can only have one 3.5% FHA loan at a time unless you have good reason to get another (see point 2 above).