Then typically there is someone on the backend who handles financials and whenever the exit is and how that would work. 

Legal Advice: Consult with legal and tax professionals to get advice tailored to your specific situation.

I am a broker and literally shop people and see who is more aggressive (or not as aggressive) based on the situation. 

Mike,I handled similar situations. 

Have a bad situation where former tenant unjustly is suing for mold.

@Sean Petriehouse hacking is a great way to get started but not everyone's situation permits it.here's a great thread on the challenges of investing OOS in the midwest.https://www.biggerpockets.com/forums/48/topics/1159104-overl...

Lenders will look at metrics for the property itself including the purchase price, repairs needed, and ARV as well as borrower experience and financial standing. 

Texas Dept of Ins also says they have nothing to do with this situation.

Are you financially savvy or responsible enough to handle this?

My husband and I started investing in real estate in 2019 and quickly became passionate about helping other's create financial freedom through real estate which is our mission.