Lockout protection: No one wants a call to let a tenant in because they are locked out. 

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Get an umbrella liability policy and protect yourself that way. 

The owners, by definition, are in financial distress and just not in a position to do it.

Hi all need help.. i live in NJ but i am hearing i will get more protection if i create my llc in a state like Nevada and just register in nj as a foreign entity, which i believe will cost more since i now have to pay two states fee.

If only for 1-2 years and you want to be safe, 2 suggestion:1) TIPS bond funds (Treasury Inflation Protected Security)

My main concern is the financial part. 

By creating a written lease agreement, you give yourself the ability to create restrictions on the tenant to protect your investment.

Here's why: Big red flag is that he wants a contract before he is willing to show a potential buyer the financials of the property.

Some of the corespondent investors that we use are: - Angel Oak- Caliber Home Loans- Deephaven Mortgage-Impac Mortgage Holdings- JMAC Lending- Pacific Union Financial- Sprout Mortgage