Forming a Partnership With Someone in a Different State?

[Ty Martin]

Hi BP Family,

I was curious as to if anyone has experience having a partnership with someone who isn't local to them?

For instance, my best friend @Sebastian Kressley and I are both "newbies". We are both from Marlton, NJ (South Jersey), but he has since moved to Greenville, NC to pursue a career down there when he graduates after this semester from East Carolina.

I am closing on my first deal as we speak and he has begun to look at places for himself.  We hope to both hit the ground running pretty quickly in the coming months.

My question for you guys is this:  Once we become more experienced, do you see value in partnering 50/50 on properties in each other's states for Buy and Hold purposes?  Is this something that could bring value even if one of us is not seeing the physical property before an offer?

Thanks everyone