For out-of-state investing, one of the biggest tips is building a solid local team—an agent, contractor, and property manager you can trust is key.

Obviously piggybacking off of the expert advise of trusted Realtor in the area.

It is a win/win for all involved and builds trust.3.

I don't know, but I trust the CPAs I have spoken with to interpret the code, and apply it how the feel would stand up in an audit.

When you’re new to a market, I highly advise starting small to get a feel for it while you build your trusted team.

The meaningful relationships are earned by being a trusted advisor  who provides accurate information even if it means your client will be less competitive on that particular opportunity compared to the buyer who arrives at their purchase number based on bad advice. 

We do it because we trust in the professionalism , abilities and more importantly the efficiency of the process.

These events are great places to meet people who are serious about real estate investing and might be interested in partnering up.When you do find someone you think you can work with, start with small, low-risk deals to build trust and see how the partnership works out.Also, take some time to educate yourself more on wholesaling through the resources available on BiggerPockets, such as articles, podcasts, and forums.

Don't need an LLC, which adds to the cost (for now since everything is in a trust and I have an umbrella policy for liability, eventually I will get an LLC where I can spread the costs out)I wanted to get everyone's thoughts on this.

This lowers the chance of triggering the “due-on-sale” clause.Consider a Land Trust to transfer ownership without alarming the lender.Once transferred, use the LLC’s account for all rental income and expenses to keep it separate.This post does not create a CPA-Client relationship.