I only pay for BP leads and all other business comes from my sphere/referrals. 

So, yes, you can absolutely have a great rental business as an out of state ( and even international ) investor, as long as you have a solid team that are your boots on the ground. 

Keep personal and business finances separate to create less headache.You should also do the following to make your bookkeeping easier:- File all receipts in a dedicated Google Drive folder.

With an LLC, you may be able to deduct business expenses more effectively and avoid double taxation.

The GC is a business person who doesn't care about your ARV, LTV, or your budget.

California needs businesses to start putting a lot of pressure on it.

You can put your license in referral at most brokerages and pay no fees and still be able to do referral business.

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

Albuquerque is already such a wonderful place to live and do business so I am all for anything that will make it even better.  

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?