The more you know upfront, the less your spreadsheet surprises you down the road.One last note: I’m not a lawyer or CPA, so keep this strictly as friendly advice.

Depending on local regulations, you can mix up STR/MTR/LTR. 2) Get systems in place in those exact cities; 2 PMs preferably via NARPM, 2 high quality inspectors, and rotating book of handyman, 1 lawyer, and a credit union contact for leverage along with investor friendly nationwide lenders.

You even have the ability to send your tenant's leases via e-signature and their monthly rent receipts electronically.In addition, you can house all of your management contact information within the program -- such as lawyers, contractors and handyman.

Being both a lawyer (e.g., privileged communication) and Youngstowner (where omerta is still a thing), I sometimes learn things I cannot discuss.

I ain’t no lawyer (except on the Internet), so will possibly have to resort to checking with the lender (BoA) to confirm as I didn’t see anything in the contract that suggested that it closes if I’m no longer resident.James

@Brittany Farrell You may just have to proceed with your lawyer and see what happens.

If all else fails, I think the seller should be able to hire a lawyer to do a quiet title action to resolve the issue.

In general, would you recommend getting a lawyer in the area where the LLC is registered?

Ensure you work with a team that is familiar with them (accountants / lawyers).A 1031 exchange is a way for real estate investors to defer paying taxes on the sale of investment property.

Start collecting contact cards and fill that phone with everything from plumbers and painters to bankers and lawyers. sorry this is so long and drawn out.