You need to hire an agent in NJ that specializes in short sale transactions and has experience with this!

Or hire a PM company to manage for you?

@Cameron Porter half off of a $30-40K price may not be enough to make a purchase work.We've seen clients quickly get upside down with Land Bank purchases:(So, proceed with caution and hire a great inspector and contractor to go thru the property before you agree to buy it.

Hire a virtual assistant 2. 1031 into a DST

I'm a financial planner by profession so you'd think the default answer is, "heck yeah, always hire a planner!"  

Also, you won't be rushing at closing to hire your ongoing partners.If you ever want to chat about the Orlando/Disney market from the property management perspective, feel free to reach out!

It is important that you hire professionals who have experience working with foreign investors.

Another "perfect storm of uncontrollable events".With both failed deals they are pointing blame on poor performance from the companies they hired to manage the property and to do the renovations, which raises a few questions:1) how can/should LPs perform due diligence on these to be hired companies?

Now, these outfits hire lots of influencers and affiliates, with no expertise, no financial background, and apparently limited ethics, to put it kindly.

Just because you hire someone to do a job (sadly) doesn't mean that they are doing it or doing it properly.