However unlike you i will be funding the rehab and i intend to have my partner fund the purchase( i will pay him a fixed return on his investment, ~ 8%), way better than he is getting on a CD or REIT dividend.

An added benefit of doing this is you develop a brand and reputation for that company that could help your deal flow and tenant pool if your company becomes known as a player in your market.My $0.02.

I was thinking perhaps I could put the money into a CD or some such investment until I return to the US next year.

Other players are needed too, but a PM is the big one.

If you aren't sure, I would study other sucessful players in your local market and on BP and determine what "niche" of the market do you want to carve out for yourself.

Not the most efficient way to get a deal, but you might find something before it hits the market or better yet, put the idea of sale into an owner's head who wouldn't have otherwise considered it.Good luck player!

q=cache:u03FFRj_2uAJ:https://www.irs.gov/pub/irs-pdf/p560.pdf+&cd=5&hl=en&ct=clnk&gl=ushttps://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee

@Brian ComptonBrian if you get robbed looking at houses you in c - d  area LOL even with these super returns Alex

These are mostly C-D class properties/ tenant profiles so I get that there'll be some work to be done, but I've also heard from other investors that most maintenance costs can be passed onto the tenant.

And I know a former BP Member Rick Harmon works on pretty complicated probate stuff.. but he is bona fide.So I am at my attorneys last week on another matter and his partner wants to ask me if I know some guy.. turns out to be the same dude they are prepping a pretty heavy duty summons and complaint.. seems investor money may not have gone where it should and the guy has gone dark.but then again there are very complicated Walls street manouvers that the big players do that can't be explained in 3 minutes but are fine and legal.but for us vanilla real estate investors..