Consider this: there are an estimated 10K homes in Pacific Palisades, at least half of which were destroyed. 25% were constructed during the 60-70's and +/- 75 TOTAL were built in the past FIVE years. 

The easiest thing to transform them into is storage unit places but there is only so much of that before you have an over supply.

And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.

I'm a pretty big advocate for the south side of chicago where you can find properties half that value and cashflow really really well in turnkey condition. 

We have emails, video conferences, secure portals etc etc.We do have a physical office, and half of our clients are local.

In terms of distance I will be about half hour away so not bad at all.

I am a current university student with about a year and a half left, who has been interested in finance and real estate for a long time!

That being said, IRRRLs are the easiest refinances youll ever do.

Any guru (or group) you follow that shows you how to do the negotiating and paperwork is only telling you half the story.

(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies.