Isn't an issue for us.

I don’t want to get myself into any real structural issues.

This is a very common issue for newbie investors.

The issue with hoarders is damage to the property- hoarding can lead to pest issue, moisture issues and other issue that physically damage the property over time and can lead to big $$ repairs. 

@Devan WilsonThe nearest local lender to Oklahoma City with a physical office that has done a 203k in the past year is based out of Lawton, OK.This means that you will most likely be relying on larger national lenders for your 203k loan. 

Syndication offers several benefits, including diversification, access to professional management, the ability to passively invest and the opportunity to participate in larger deals with potentially higher returns.That said, it's crucial for investors to conduct thorough due diligence, carefully evaluate the track record and reputation of syndicators, and assess the risk-return profile of each investment opportunity.

Loans for Investment Properties: A few lenders provide special loan programs intended for investment properties, which may have larger down payments than those for primary homes.

Yeah mate,Too much outside influences and logistical issues with new construction.It's much easier/less risky when you control as much of the process as possible and don't need approval from anyone for "this or that".New build works in other markets but why would anyone new build in 43612, 43613 or 43623 for example when they can buy dirt cheap and renovate for much much less than new build.Just my opinion and there are many ways to skin a cat when it comes to real estate investing 

It's been very handshake agreement, and he's a friend so no issues. 

Should I include security deposits I've received and then forward to my owners in the 1099 I issue them?