Out of curiosity, who are you trusting for your turnovers and cleanings?

The one aspect I'd say where planning can really provide benefit however is with tax planning.  

The value of the info he provided cannot be understated.Residential RE is more challenging then a few years ago, but there are a lot of ways to make money in RE.  

You do not need to provide tax returns, W2s, paystubs, etc.

Hi Andrae, the simplest and most risk-averse way to get started investing outside of your local area would be to contact TurnKey providers in the markets you are most interested.

As for non-bank loans, I'm familiar with a loan program that provides 100% financing, but it requires a minimum 650 credit score and proof of funds covering 12 months of interest.

If you have someone in MN you trust to manage the place that is one thing, if you don't it kind of answers the question (not that you couldn't find one).Renting out homes which you are emotional attached to can be quite difficult when tenants trash them (which will eventually happen).Best wishes

Brand new to real estate investing and I am looking to complete my first wholesale deal.Hi, Ben, Caleb is correct, you need to be the first or at least front of the queue to reach out and provide your solution.

I believe they're almost 8% with that program currently but if it provides an entry point, you should consider it!  

What feedback has the PM company provided you about the property?