If you have no documentation, you will lose if you get audited.

You lose twice.

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.

Anyone who places an emphasis on networking with wholesalers as a golden ticket is a wholesaler.

You're losing money and time.

Hello Everyone,  I am looking to learn about the top 3-5 problems which OOS investors are worried about or lose their good night sleep on.

They lose money when they do not know the area and they dont know what the right price is that they need to buy at.What city are you in @Arvind Mohan?

Out of every 100 people there, I would argue less than 10% would become successful investors and more than 50% would lose money on deals.

I cant sleep at night, I cant think straight, I am on the verge of potentially losing everything.

first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate.