Do you think they are targeting out of state investors to try and scam them?

I've got about $50k-$60k unencumbered cash to invest, so my target quadplex price would be around $200k at 25% down. 

Alternatively, as others have suggested market to local properties owners in your target area or look for value add buying opportunities.Finding qualifying FHA MF that offers cash flow isn't an easy process.

This might include sending 100 direct mail letters per week to a specific target audience.

I have three children currently attending or will be attending BYU and I like the idea of investing directly into this niche.I am looking for any advice, particularly the cons and/or gotchas with the nuances in BYU approved housing.With one child being married, i am very interested in using an FHA loan on a multi-family unit that is targeting the married segment with my son being "owner occupied".

But we will not pass on a Multi that comes out to be a very good deal, and as long as it is a 3 or 4.Even though we defined our business plan to target SFHs .

However, you will see groups do more 3-5 year deals because as a sponsor we make the most of our money during a sale of a property on which the value has exceeded the targeted IRR hurdles as set out in the agreement.

Since most titles of such threads begin by saying "Wholesaler" or "Wholesale" the post chaser can still target that thread, but often it's not the thread or question asked, as others will address it, it's the poster who continues to give bad advice to the newbies.

Try to mix high and low equity homes together if possible so the entity is a less juicy target.

It's always good to know what in the minds of people in your target market.