For example, the lawyer will own the property 50% themselves or find another Costa Rican to own the other 50%, then (hopefully) create paperwork that doesn’t allow that Costa Rican to steal the property, (although this has happened on many occasions including the lawyers themselves stealing the property, so I'd be very careful who you choose to "partner" with).

Only problem we had was that customer support and clarity on the process once we received the metering components was essentially non-existent. 

I already have another rental as well that I bought with cash a few years ago and it pays me that nice steady monthly stream that I could essentially double with this potential next property. 

After some surface-level research, it looks like a lot of forms and paperwork(Freddie mac/fannie mae) so I would love to hear some other people's experience with them. 

W2 employees require a LOT more paperwork, insurance, and benefits compared to 1099 subcontractors.

The tenant is an essential worker at a pediatrician's office.

So essentially, I'd live for free.The same house in Denver would cost me about $500 a month in excess.

The other option is to find your very own private lender (essentially just a person that has a large amount of cash themselves) and partner with them for the purchase or try to convince them to lend you money their money for similar terms as an HML except they do 100% financing.Either ways, run the numbers and weight out the costs and benefits.

For the 203k, you definitely want to use a contractor who has 203k experience, has been properly educated on the 203k, knows the FHA 203k guidelines, paperwork, processes, procedures, payment structure, and has strong financials to support the startup costs and ongoing expenses.

I would also demand to see ALL the paperwork associated or no deal.