Though the insurance company agreed to pay him, they have not yet sent out the reimbursement, and the claim is still open today.The current insurance company can't review the borrower's application because the claim is still open.

You may need to hire a property management company to handle day-to-day operations, which can eat into your profits.

However, given that we haven’t even gotten our company bank account set up yet (I know) we felt it best to bow out.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

Canal Winchester schools (150-180k), Pickerington schools 150-180k) Dublin schools 43017 if possible (150-250) What I’m willing to replace in a rehab: Carpet, paint, appliances, drywall, electrical, hot water tank, AC, Furnace, any non structural framing, cosmetics, flooring, home built 1980+ if possible.What I don’t want: No Flood Plane.

I learned this by subbing to remediation companies.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

@Manuel De La Cruz Are you using the C-Corp as your property management company, only, or did you also purchase or transfer the property into the C-Corp. 

The property is in the Strawberry neighborhood near the Strawberry Point School in Mill Valley, CA.

Title companies and attorneys are very wary of powers of attorney, or even notarized statements.