Setup time to speak to a few of them to learn more about their model and get a feel for how they answer your questions, how they treat you during the call.Be prepared to share your net worth, income, and investment history with them if you want move forward.For the ones you like (after speaking with them), maybe have them send you example investor communications on prior deals so you can see how they communicate to keep investors informed.Once you've narrowed it down you'll want to further evaluate the sponsor Track record, references, etc.Have them present a past deal in detail to try to understand their assumptions, are they conservative, etc.You can use the BP Tenant Screening tool to get criminal and credit history.

What kind of auction are you referring to?

This is typical of this tenant.   

When you reference a double closing, would that us passthrough financing or are you thinking the wholesaler fully funds the deal and then turns around and sells to me?

@JD Martin I am through with the multiple references to no pets- I just find it incredible (as in I don't believe them) when they can quote me the features and amenities of the unit and they were unable to see the multiple references to no pets. 

Typically you would see people do this if they were already doing rewiring/replumbing. 

What I am referring to is investors buying properties from out of state, down here in Florida.

@Katorey FieldsIf you're trying to learn the foundation about the commercial real estate investing and specifically referring to multifamily, there're tons of books.

Awesome responses, typically don't lean heavily towards any one side but it sounds like theoretically SLT sounded like a great idea but that'll be put to rest with regulation. 

I learned from other investors that they will rarely refer contractors as it takes time away from their projects.