He would also be exposed to liabilities related to the property, such as lawsuits or property damage claims, which could affect his personal assets.

Hey BP,Looking for some great websites to use to gather information on different markets, especially OOS investing...One of my personal favorites is "City-data.com", which was also suggested to me by a fellow BP investor!

I'd be going to as many in-person networking events as possible...here is a list of the BP events:  https://www.biggerpockets.com/forums/521-real-estate-events-...I have a separate list that is more encompassing that I can share as well!

You’ll put 5% down but get 2% back on sale (which might pay for your closing costs) and then do a rent by the room to cover your expenses and downpayment for next year) Not sure which university you are at but both Henrietta and South Wedge are solid places to start (serving RIT and UR respectively) Good luck, I personally think Rochester is a great area to start due to constrained supply with a growing population

We are going to focus on small multi-family first, and then  get into large multi-family.

@Jared Goldwasseri would strongly recommend you go to Cincinnati in person. 

I won't have time to shop for things in person.

Then find out from the person on title, not the assignor, what the assignor promised or has in writing as an agreement.

And North Carolina at large has become a popular pick for both investors and relocators over the last half a decade or so.

but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.