This might be interesting:  I purchased a property subject to a bank's defaulted note and mortgage several years ago. 

@Maxwell Emerson, the great advantage in a 1031 is that it lets you capture all of the equity for your next purchase. 

Hey mate,My opinion is to hire a local trusted property manager.Investing in real estate should not be about getting yourself into "another job" but rather elevating and delegating.Don't do the "$20 per hour work" per se but rather focus on scaling your portfolio.Granted a property manager can "make" or "brake" an investment so be super diligent.Just my opinion for what it's worth.All the best

Currently under contract for a large off-market residential property.Quick details: 4,200+ sqft 12bed / 5bath (2 kitchens) (No a flood zone)(Light - Medium rehab / rent-by-the-room play)My partner has been a PM in this community for 20+ years and is highly confident in this deal (as am I).The current issue is, we aren't confident the property can close with a bank due to a few seller complications.( ^Very long story, but if you want to hear it I will tell you haha)We're looking to over-raise about $335k ($255k purchase and $80k for the rehab).But we (and our contractors) know the rehab portion will come in a bit lower.Can anyone point me in the right direction?

I have purchased 50+ units around town in the last year and looking for more.  

If it makes a difference, the DIL could purchase in her name or in her construction company's  LLC name. 

You are able to get a hard money style loan 50% of purchase of land , 100% of construction upto 65% of the ARV 

Haven't purchased anything recently due to inflated prices/ high interest rates.

The “limited” aspect refers to focusing on areas critical for the project at hand, rather than a full topographic survey of the entire property, which might be necessary for larger-scale developments.

I know that it's pretty popular in Memphis and other cities but I was wondering if anyone was doing it in Jackson or any smaller cities around there?