In addition, your ability to attract a decent quality tenant will be significantly diminished versus a SFR in a good neighborhood.When going from SFR to MF, there is a tradeoff you're making. 

We value quality over quantity and working with owners/investors who “get it” and are open to our input and control in order to help them succeed as we are VR owners/operators ourselves. - residential sales/buyers agent for out of state visitors who may transition into snowbirds and/or 2nd home investment propertiesWe’ve already spoken to attorneys and it seems we have “very good questions”.

Seems like I'd have to get the property at a low enough price so that god forbid the seller has to foreclose there would be room for the fc proceeds would cover the seller and then my partner right?

I'm not sure of location and quality of the property but I know there are always people looking for rentals below $800 in Cabot.

It looks like there might be low to medium pest.

After a few months of looking I've got my first deal in the works. Unfortunately its 1 1/2 hours away, but its 100k less than similar properties here in the Mesa/Phx area. I figure I can manage it in the beginning and...

The great majority of our community owner clients are using related finance companies as a tool to buy low occupancy communities and fill and modernize them thus making major changes in the values of the communities they acquire.I wonder how he intends to do it? 

I make an entry for the lowes bill, not for every blind and board I buy. 

It seems like the your interest rate is low.

The new mini mart owner is a dream to work with, and he has turned around the quality of traffic by operating above the board.Hope that helps!