That would be my play here, I think its a quicker way to scale.

If you do cash for keys, how much do you typically offer and do you scale down as the time frame gets pushed out? 

I do have to say that I've never done a deal like this before but I have experience working with syndications on large apartment deals that are structured following SEC's Reg D guidelines.

“DFW is a dynamic region where no one industry dominates and growth projections are generally higher than other large U.S. metros,” said Robert Kramp, director of research and analysis for CBRE’s Texas-Oklahoma division.

I have a full time career as an engineer in a large processor manufacturing company in Oregon.My goal this year is to be more active on the site besides just consuming every podcast in the archive.

Scale up and go big!

My other large concern is with budgeting.

Yes, cap rates are lower but with appreciation and reduction of principal, you will do as good as mid west or mid south.OOS investing is great but u have to scale quickly to budget for your trips at least semi annually.Good luck to both of you!!

Let me run a scenario by you... and here I'm just playing devil's advocate I'm sure you're already frustrated with this individual and sounds like you've already made up your mind.Scenario #1 tenant breaks shower door:Tenant doesn't disclose to you that they broke it and moves out only to leave you with a large amount of water damage AND a broken door.

. $1.25 million seems like a fairly large price tag for a house hack.