That's not to say that I'm under the illusion that I have any kind of comparative advantage over other investors just because I'm not afraid to gut a house to the studs, but I do believe it puts me at an advantage over most people looking for homes to actually live in.

And I will definitely leave my credit card at home when the guru's are pitching...Ill use it to pick up the book you recommended instead!

I know I can personally do better in the stock market or peer to peer lending with those rates.So I've been talking to a couple buddies out of state (OH, MN, ID, etc..) where the markets aren't as crazy as the greater Seattle area.And I have been baffled by how cheap the prices are and have run some calculations which provide a way better returnI'm under no illusion that I can ask the same rent prices they do here in the Seattle area, but am gathering an average from other rentals in the area.The problem is, that OH, MN, ID are not around the corner and driving over to check out the property to see if things are still alright is not an easy task.How have you dealt with buying property out of state?

@Cory Mccarthy@Marvin Rice@Tom OttThank you all for your input, I see i need to screen them as i would if they were new,These tenants are inherited , ill use the Biggerpockets screen guide, is there any else important i may need to know?

@Russell Brazil  part of it might be to give the illusion to a seller    Hey look at all this activity.

Originally posted by @Steven Story:@Aaron MazzrilloI am under no illusion that investing in real estate does not take substantial work, especially in the beginning when the learning curve can be steep and expensive.  

And ok ill use the state approved contracts:) I'll try and look them up

I have no illusions of being able to collect.

Lists are an illusion!

Many people don't properly run LLC, so they have an illusion of security more than actual security.My best advice is have good liability coverage limits on your insurance.