Yes you have to pay capital gains on selling your properties, but you will recover that quickly with the high returns. 

Most out of states deals end up looking like an IRA, decent returns, safe but meant for very long term to get anywhere.  

So for the dollar amount, returns, and additional risk I decided to just focus more on my day job.

Try and undertake fairly simple projects for your first couple even if the returns are not as impressive as you hope (still make sure there is sufficient profit).

Quote from @Alex Fierro: Greetings, finding a business/real estate lawyer that will actually return calls or emails has been taxing so I decided to post here to get the advice from all the gurus.

I’ll provide an overview of the situation and my thoughts/attempts on how to structure the deal.Owner: He is in his 70s, payed off asset, appreciates the return profile of his property but is no longer interested in the management and hassle aspects.Details: Before I even asked, he mentioned that he isn’t sure where he stands in terms of depreciation and is somewhat concerned about the tax implications of selling.My initial approach to discussing creative financing: Me: "Have you heard of or would you consider seller financing?

You’ll start generating cash flow immediately, but the returns might be lower.BRRRR: If you’re willing to be hands-on and can manage renovations, BRRRR offers higher potential returns and helps you recycle your capital.

So don't get frustrated if they don't return your call or aren't in the office.

When you put in an offer you are not asking for the seller to provide you an X% rate of return.

With such low rental yields, the return on investment (ROI) and cash-on-cash (CoC) return are negative when factoring in mortgage payments only, not including any other factors.In this market, it seems almost impossible to make a profit using traditional rental property investing strategies.