You can't easily determine whom has paid and who hasn't.  

The only issue is of course it will be expensive to bring a photographer 3-4 times!

Montse I'm here in Rotterdam...working on renovating a 3 unit townhouse and gettting an expensive education on the Dutch construction industry...

Do the math and you'll see it doesn't make sense.The best way to invest: increase earnings, reduce expenses, and save.

And you probably need money for living expenses.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

I have been researching this and even submitted my first offer, but my lender says he has never seen 3.5% work because 75% of your rental income needs to cover all of your monthly expenses.

If the investor would like to receive cash flow, I will pay them the $2,507.83 up until the remainer of the 5 years.The remaining profit earned with the $41,315 would be $191,784.80 total if you get paid for the duration of 20 years!

OC California is very expensive so investing out of state can be a good option.