I have been doing some reading on it but I would prefer to talk with someone who is doing it to get their perspective on several aspects of it including ease of purchase, maintenance, tax issues, foreign ownership rules, entities, etc.

A good real estate fund manager can provide you a safe, collateralized 10% to 12% annual return on your funds, year in and year out.

Welcome @Alan KnightI am a REALTOR® and oversee maintenance for a property management firm in the Greater Baton Rouge Area.

This kept major maintenance to a minimum and some properties weren't touched for any repairs at all.

I would especially want to understand any deferred maintenance and future capex needs.

I agree with @Jon Holdman in regards to that you'll need some cash for maintenance, general repairs, etc… so you might want to wait.Also, if you're not wanting to get a 2nd mortgage to use as your down payment, you could ask the seller what he would take for all cash and then go to that same meeting and see if there is anyone willing to carry the full note.

Let’s Go to the Numbers I can provide more detail if necessary 10 Year Future Projections Mortgage Payment226,943.45based on current monthly paymentsRepairs78,000.00Based on projected work (today $)Annual Expenses54,700.00Based on current yearly expenses (taxes insurance included in this)Total Expenses359,643.45Project Rent259,440.00Based on current rent (no increase) (6% vacancy)Total Mess:-100,203.45I will be negative10 Year PastMortgage Payment207,600.00Not actual but closeRepairs24,000.00Not actual but very closeAnnual Expenses56,400.00Based on past year so may be a little lessTotal Expenses288,000.00 Rent117,300.00Not actual but very closeTotal Mess- 170,700.00What I already have into this place

After deductions for management of 5% (seems low), vacancy rate of 6% (100% occupied now), 14% for maintenance to units, $195 monthly HOA condominium fee for all exterior grounds, parking and h20, sewer, insurance, pool, trash etc.

So I'm 75 days into a shortsale and the lawyers/Wells Fargo are sending me tons of paperwork to sign such as: Arm lengths addendum's, intent to comply with housing maintenance code, cash escrow agreement, Short Sale Affidavit and to close within a 60 day period.My main question is, is it normal to get a housing maintenance and cash escrow account where there are requiring the following:1.

Also who pays for repairs and maintenance to the property?