People were paying ridiculous prices for SFR because everyone, their aunt, and their dog received a “stated income” loan.

Recognizing, of course, that interest on any payments received will be taxable.So, in this situation, what happens if the seller defaults?

I'm open to setting an exit plan at ~10 years instead of 15-20(buy the investor out, sell or convert to condos & sell), but anything less is throwing away a lot of excellent cash flow from my POV.Any suggestions would be appreciated. 

@Eileen Murray provides excellent advice: take a day or two to observe similar cases.

Rents received after that date are late.2.

In the midst of the teacher walk-out, which we supported, we also received a pretty large tax benefit from selling a couple of properties and not having to pay Oklahoma capital gains.

(negative/low cash flow, MASSIVE down payments)If you are not local, you MUST have excellent property management.

The point you are missing is that they offer a transparent list of costs for their process and the bottomline for the seller from opendoor etc and do not offer the uneducated seller anything about the costs and bottomline they would received should they sell it traditionally.

Received checks from insurance for cash value in 2017.

I'm super fired up to get into real estate investment. I've been in banking for a little over a year now as a Personal Banker. In that time I've met more real estate investors than I can count, from single family to c...