Way too many out of state investors get burned this way.

I wonder if some of the Santa Rosa burn out victims are looking that far north.. long way but commute is easy.

I’ve got my own stories to add to the others on here, stories of being burned by people who said they knew how to do stuff, but then turned out to be either substance-abusing con artists or they just did as much as they felt like doing and then disappeared, leaving the job half done.

The other 2, their house burned down and their insurance company is paying for them to stay in a STR for 3 months. 

He got burned in the recession with HML and I think he described a new arrangement in which he now finances as a partner.Podcast 222

My best advice: Partner with someone who has been through this process  ... you could get burned very quickly.Best of luck !!!

Unless you have plenty of cash to burn, and willing to pay over appraised value, good luck..  

that's all I have done my entire adult life since I was first licensed at 18.. there is a difference in being a retail real estate sales person and using a license to further your investing goals.Its not an easy business by any means to be a retail agent and there is a high burn out rate.. not as high as wholesalers but its at least 50%...If your an ACTIVE investor I cant see how you can do without it.. if your fix and flipping in my mind its mandatory.its about 2k a year to keep sometimes less and If your business does not allow that or like some say the cost is to high then in my mind your not really in the business its a pittance to spend to have access to all the info and be in the club.if your goal is to be a lifelong landlord then work for a commercial brokerage that specializes in cash flow real estate just being there will open up doors.if by chance your very good at sales and have a very large warm market you may shock yourself in how much money you can make just in transactional real estate.. 

I’ve seen two fire burn-out properties in the few years I’ve lived here.  

Trash, home back burned down, take photo of exterior damage, roofing, trash in the back yard.