@Jason Phu That's essentially the situation I imagined and trust me, things can go sideways fast.

Having a team in place is essential to long-distance investing.

I can then refinance it at 75% and get a new $400k loan, essentially getting any trapped money out. 

If it tends to be for a pretty set time frame it may be more of a tutoring/teaching type of situation.I tend to stay out of my tenants' business unless it involves safety of the neighbors or some kind of major crime, so yes, drug dealing would fall into that but most lower level dealers will have more than 1 customer and many high level ones who might only have one visitor are not as likely to have them daily.

I essentially did this move in 2021-22, and kept my best properties debt free.

Essentially saying that while I am technically responsible for the debt, history shows I am not paying it. 

As mentioned above, the builder is just going to complete any necessary corrective work as part of their pre-close punchlist.Here is an exact quote from one of my builders (49-unit townhome project) from a couple of weeks ago on the topic of third-party inspections:"•We will solve items that fall under the category of our Fit and Finish Warranty or any life-safety issues •Cosmetic or "recommended" items from the inspector may not be considered and are subject to Builder review and discretion."

.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.

You're correct, I am essentially paying them $795 for the privilege of finding THEM a deal.  

Strategic renovations, like removing a wall to create a larger space, proved essential in boosting value and rental potential.Challenges:Managing renovations, especially structural changes, was challenging and required careful planning.