You will learn a lot more, a lot more quickly, and a lot more reliably, than chipping away on a web forum where half-questions and half-answers seem to dominate - just the nature/drawback of the format.

Your broker should have some info/input on how to get your license quickly. 

. - Get really clear on a 1 year, 3 year, 5 year, 10 year plans - Get really clear on who's responsible for what - Decide EXACTLY how you are going to pay for repairsBuying anything with a group of family members is totally possible to succeed as long as you really prep yourselves on the way in.

Once you can do this quickly and confidently, get in contact with an investment realtor (I'd be happy to refer you to someone) and start walking through these properties as they come up so you can analyze them in person.

I financed this deal with my cash so I could close quickly.

thanks Account Closed sorry about the late response. 

Communication has always been the sticking point for me as I am not quick to trust my investment to someone with no skin in the game and who hasnt' gotten my ok on spending my money.In my mind it might be better to find a realtor or other money partner in long distance properties and pay them a management fee for that service. 

The electric company remounted the entrance cable, but told me I am responsible for repairing the damage to the feeds and meter bases. 

Quote from @John Underwood: Not trying to be mean but you should have found out the regs before looking for a place not when your about to close on a property.Now I would call the county and find out what the requirements are and see if you can even make this a STR.Also 5k seems way too low to properly furnish a house.I think 20k would be more realistic even if you bargain shop.I bet I would need 30k to replace everything in my 3 bedroom STR.Thanks for the response, John.

@Ivory Hayes Thanks for the response.