Quote from @Joseph Fenner:I’m looking to buy it as an owner occupied primary residence while living in another state but I am open to moving if it is required.It's required...how else would you owner occupy a property without physically being in that State and moving into the property you buy?  

I am reading the books, watching the YouTube videos, listening to podcasts, only thing left to do is physically meet like minded people.

A) not the physical building, 123 Main St., and is thus undeliverable.

A lot of times people don't want to leave physical property though, if their heirs don't want to deal with it, or have to split it up, etc. so maybe spreading the cap gains out by using seller financing will be attractive.

The plan is to gradually expand my portfolio, incorporating mid-term rentals and beyond.I'm thrilled about connecting with all of you, and if there's ever an opportunity for me to assist you on your journey, please don't hesitate to reach out.Cheers to a promising journey ahead!

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

I.e. if they told you the roof was brand new, and upon physical inspection, you discover that the roof on a shed is brand new, but the main building needs a full replacement to the tune of $50k, that is not retracing a deal.  

You claim you need this info BEFORE you arrive for appraisal, yet you can not possible work up a figure of value until AFTER you have physically visited the property, as such, how on Earth does having this info we provide set you back and cause you to redo all your work?

I was advised that if I want to separate the management from the property, the managing entity should be an incorporated.

What newbies don't understand is that the $500k appreciates 5% NOT the $100k down payment. 5% of $500k = $25k annually on your $100k invested dollars.We haven't even talked about the tax benefits, debt pay down, monthly cash flow, and it being a physical asset that will always be in demand.