., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.

I personally spend about 50K a year in masterminds and always get my money back just through network of individuals you get access to.

@Micheal Singleton I have the perfect person you should connect with.

The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.

Personally CA scares me. 

I work with a lot of other real estate related businesses and closing teams that refer business to us. 

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

I personally have no connections with anyone who is involved in this niche and I'm wondering how other people have started their journey.

I have a salt water hot tub at my personal home.