The notary does not have to be from the property state; the notary's role is to "witness and authenticate" the signer (get your ID, watch you sign - and then affix their seal and signature as confirmation. 

But this should never - ever - play a role in your investing decision-making.You bought in Memphis.

I think I would have relenquished a lot of the power to take on a more of a board of directors role and kept the portfolio.

Originally posted by @Shawn Ahrabi:Hi MichealMy issue is that I can only could buy buildings less than $900,000 in value,When I am approaching banks and credit unions, they are asking for my personal tax return in order toconsider loaning.Their explanation is: that they want to know in case necessary I could afford to pay the payments.I am looking for banks that provide loans for apartment buildings 80% to70% of the value and considering only the income of the apartment.Any advice and referral are appreciated greatly.ThanksShawn Partner with someone who can take a role in the deal and help sign on the loan

We will exercise our contingencies to cancel the contract and return the money to The Lender in the event of cancellation of contract.

(subject to the existing financing) What role are you looking for the partner to play?

When you exercise the option, title does change hands and if the seller is still alive they have a potential capital gains tax liability.

I paid them for their time and had no problem doing it since they were not local to me so I couldn't exercise the option to try and work for them to learn the business.

Lease to own programs are where the property owner enters into a lease with a tenant with the agreement that after certain conditions are met, the tenant may exercise an option to buy the property.

I know it's hard to do, so read "One thing" by Gary Keller and search for some concentration exercises on youtube.In terms of investing in general, given that you're in California, this would be out of state.