I own multiple properties in the Caribbean and not a stranger to foreign deals and owning foreign assets.

Would be happy to point you in the right direction and start getting a team together.

I'd like to free up some cash so that I'm ready to close on the next great real estate deal that I track down. 

Not all units have it but we got a good deal with our vendor and 1 bug complaint can cost hundreds so our owners were on board as well.

Originally posted by @Jason DiClemente:@Jay Hinrichs I've done HML deals before, but never of that size, so I cant comment on large deals like that. sorry meant it for the OP  not you specifically. just trying to lay out some reality.bigger money deals are not like 200k HML flips   were lenders will take a stab at newbies or a company like DHM will come through at some point

If not, how do people typically get started with their first deal?

The insurance policy is likely to provide you with far more protection.Be careful you don't create a self-dealing situation with you and your management company, which is really you.

Please feel free to comment on this post or reach out to me directly.

What made you interested in investing in this type of deal?

I see them as huge opportunities but not talked about a lot.Well REO's have gone down to to lower foreclosure rates. drawbacks are banks are very low and non responsive, unless its not a traditional bank and a private lender then you could possibly get a better deal.