If you haven't followed solid corporate practices, the lawyers get to go after your other assets too.  

I sell houses all the time by just listing them on Zillow, so don't think you need to pay a listing agent and if the buyer doesn't drag their realtor into the mix, you might not need to pay a buyers agent either. this is a cautionary tale of the risks of remote rehab with little to no experience looks good in the book but in practice can be very very difficult.. stick close to home.

The main best practice is transparency.

Hello, I am trying to move into multi-family investing and currently practicing running the numbers.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Jon - Krav Maga is great.I still enjoy the martial arts but I have always leaned toward practical self defense aspects versus tournament sparring.I put more value in not being dead on the streets versus point sparring and getting a trophy.

Hi Brian..Coincidentally we just had a full webinar on first position HELOCS, fixed second and simultaneous closings.

It may be more practical to use the 5% conventional loan product. 

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

This is to train your tenants that late payments are not acceptable practice.