This strategy has many advantages--one of the big advantages being you can use an owner occupant mortgage with excellent terms and a minimal downpayment.Good luck out there!

The income source alone doesn't indicate a red flag to me.

Get in the game with a minimal down payment, learn to be a good landlord, keep building up your capital, and then if you're serious about investing OOS identify the right market for you and build a team there.

So I'd really like to hope that these guys are as legit as some of the posts here indicate because I like to think that we, as an industry, are learning to separate the wheat from the chaff, leaving only the well-intentioned professionals.

However, it’s important to note that data looks backward and is not necessarily an indicator of what you can expect moving forward.

Most landlords maintain cash reserves of $10,000 to $15,000 per property.To make a profit, you will need to find and keep good tenants and minimize vacancies.

Purchase price: $180,000 Great tulsa flip with minimal work to be done

@Brock Salgado by no means am I an attorney or are providing legal advice, but I would think that the second pillar stating a 'common enterprise' would be met when you indicate the pooling of money.I am currently in the process of a similar venture myself, however, with buy and hold investments.

It's purely an indication of past performance, or a wildly optimistic pro-forma.

As all have stated above, it is a veneer, but also it will likely indicate that corner is down.