However, it’s important to ensure the area is safe. in those areas I would recommend checking local crime statistics on SpotCrime. you can use this link for an example,to get detailed information: https://spotcrime.com/map?

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.

Totally not efficient, but its something we may have to do.

Because the last inspection passed everything the 1st time except the fact that he had clothes were on his living room couch thus inspection was rescheduled to ensure tenant cleanliness. 

To mitigate this, investors focused on equity typically maintain a CapEx reserve fund or factor in their personal finances to cover these costs, ensuring they don’t face financial strain.

I tell every Chicago investor who calls me about Milwaukee to stay in Chicago - the economic delta is just not big enough to take on the remote cost and efficiency burden.

If you're new to this, partnering with a trusted contractor can make a big difference in ensuring you're covering all the necessary costs.

Since non-permitted work could impact insurance or liability, I’d consult local authorities, hire professionals, and confirm zoning compliance to ensure a smooth process.Good luck!

Speed and cost/tax-efficiency are usually mutually exclusive.  

Issue a 1099-INT for interest paid over $10 annually, and ensure family members report the income.