We ended up having 3-4 meetings and numerous conference calls with the bank.

So we need to make sure that as investors we are listening, not just trying to stick to our timetables.I have worked on numerous remodels in the past and I would say the biggest problems I run into with investors in my area is the " know it all mentality".You want a contractor with a great rep and work ethic?

I disagree that there haven't been any blog posts about the responsibility of taking on investor capital, because I've written this in numerous forum threads over the years and even included some discussion about it in this BP blog article. 

I did find numerous posts regarding FCIExchange and how it wasn't really worth buying notes on a portal such as FCI.

If you are buying a house that costs several million dollars the cost is a secondary consideration to numerous other factors.I want to see other options being created that perhaps fit the "use" needs of younger people better than the current rent or buy models.Initially I could see this being implemented effectively in Tiny House Communities; something I'd like to discuss on its own in other discussions.

Hopefully, at this point, you have "talked" the hubby out of this deal.As I own several out of state properties, but within 90 miles, I can tell you first hand, if there are potential problems, the long distance aspect may and will create headaches for you both.Luckily, I have been fortunate to have great tenants in the closest properties, but there have been numerous "issues," some natural, and some due to tenants, that can cause financial problems.As you are in California, you had better have access to some good resources in Indy, or you will be paying top dollar for good work, or even more money for subpar work, with follow up re-work!

Additionally, this thread is making numerous people walk away with the idea that I don't want to being houses up to code, or that I do not like inspectors, neither of which I've stated here, neither of which is true, and I have tried to correct this assumption in my previous post. 

Fines and penalties are expected to exceed $1,000,000.00 to the defendants, and there are numerous felony charges being considered at the state level.

If you're lucky, you'll get a clueless cash buyer who doesn't perform their due diligence and is happy just to write a check.In the last few months or so, I've been called upon by numerous out-of-area buyers to independently verify market value, neighborhood type, etc. for several of USREEB's properties.

numerous reasons for this BK... they actually got caught up.. some investor stepped in and bought it last second ( my specialty in the day).