@Nicole BlairIf you have a contract that protects ensures seller performance then you are protected by with whatever you decide to send him.

For first one I'd ensure your DTI will allow for a refi on the second home. 

We are an Investment Club and are complying with all SEC and IRS regulations, before I got started with anything I did extensive research to ensure we never missed a legal step as we progressed our group portfolio. 

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

They basically want you to perform without delays and ensure that you're buying "as is." 

Is there a recommended insurance company to ensure a SF in orange park county?

Thanks for such amazing information and advice on where to find deals and how to go about this in markets to ensure we are seeing great deals. 

Again, I suggest having plenty of conversations with lenders beforehand to ensure you'll qualify based on figures after stabilizing.

Also, you should look to ensure that the primary lender will allow the second position with the terms you are seeking.

Unless you're investing in a large property (apartments), there are plenty of other ways to ensure that your property is taken care of, rents are collected, and the property remains leased.