I know building a reliable local network will be key, so I'm hoping to connect with experienced real estate team in the area.The military presence in Jacksonville catches my eye, and I'm particularly interested in properties that might appeal to military personnel and the associated contractors.

Negotiation is a key skill in real estate.

Also, monitoring contractors/sub contractors and keeping everything on schedule can be very difficult remotely.If you're buying turn key properties out of state is fine and a property management company and a good handyman can resolve most issues you'll run into.

If they appeal offer some cash for keys.

But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..

I’ve been down this road before, and I’d love to share some insights that worked for me and others I’ve helped over the years.When you start paying yourself, the key is to separate business and personal finances as much as possible.

Speaking to that question, it seems that you have already keyed in on the fact that one of you should be moving towards that.

Don’t hesitate to ask questions or connect with others in your nichenetworking is key.

Here are some key tips and insights for getting started:1.

That remodel is going to take both time and capital, so it’s a key part of my plans as well.Would love to hear how others are approaching similar goals—anyone else tapping into equity or gearing up for larger projects?