You should make sure you are within the usury limits of the state you are lending in (in this case, you are at 8% and fine for SC.What you have done essentially is become a private mortgage lender.

You pay 10% for the good times an extra for the headaches.However I know managers essentially become a necessity.

Build a Strong Virtual TeamLocal Boots on the Ground: Having someone local who can handle property inspections, meet sellers, or take photos is essential.

I thought I was getting an amazing deal but what I'm ending up with is; essentially locked into closing on house where everyone expected the current tenant to leave cooperatively however, he is now planning to stay indefinitely without paying rent until getting evicted.

To make an informed decision, consider these essential steps:Seek out a Certified Cost Segregation ProfessionalConsider their experience with tangible property regulations.

However, thorough research and careful planning are essential.

Essentially, you'll need to find a way to add value to a syndicators business so that it is worth taking you on as a mentee or employee.

This way they don’t have to uphold the properties or care for the health and safety of their tenants because they know people are desperate and likely won’t be able to afford a lawyer.

It’s still a journey for me, and I’ve realized how essential surrounding yourself with a strong community can be in overcoming these obstacles.Question for everyone: I’m curious, what’s been your biggest challenge in building a strong real estate network?

Check out this link for the upcoming California November ballot --> "Justice for Renters Act" Essentially, they're trying to implement rent control state wide.