, you may find it easier to do distance investing vs in the same state.I have three doors locally (single fam and a single fam we turned to a duplex), but ultimately my husband and I are more focused on the long distance investing as it's hard to make numbers make sense out here in Utah.That said, there's amazing real estate groups and meetups out here, and if you do want to buy local, getting connected with those groups will be the best way to hear how we make deals work out here, or killer deals that are hitting the market or that might be off market deals.Best of luck to you as you start out on your real estate investing path, we're all here rooting for you!

However, challenges include stiff competition, high development costs, intensive management, and the need for specialized tenant attraction.

I don't know the marketing strategies that would best suit your requirements but some DD on your part may work out.

I hope things work out, and I'm sorry this happened to you. 

Until you have listed and tried to lease an affordable priced rental, it is hard to fathom the intensity of call volume that a single rental listing can generate.

It's like a failed investment or, I guess, a loan default, but there are reasons the investment didn't work out. 

All I did was look at a property, run the comps, and got a reno budget, So nothing to intense.

Creating a LLC for each property is the most labor intensive thing you could do and would be an accounting nightmare.

He would really like the property because he just bought the property next-door and put a townhome on it and his family is living there and he wants more of his family to live on this property so it would work out pretty well for him :) that’s probably why he’s so willing to lock in the deal right now.

That would all work out fine but......I got that "real estate bug" again.