I’m weighing this as a potential long-term hold, but want to be mindful of any unique risks that come with this structure.

I’m a longtime investor here in Massachusetts and looking to start a monthly meetup with like-minded investors.

In my mind, out of state investing means extending the education and research phase and pushing the 1 year goal to maybe a 2 year goal.

If you don’t mind my asking, what PMS do you use?

Hopefully, you've approved a bid they submitted, so the cost is fixed - unless they can document the need for acceptable change orders.If they are charging hourly, then, yes, they may be able to charge you more the longer it takes.Keep in mind, your PMC is unlikely to have an exterminator and other licensed contractors on staff.

Just keep in mind, the costs of setting up and maintaining an LLC and the bank account that goes with it, not exorbitant but important to consider.I'm not a CPA or an attorney, but I would suggest taking the time to diligently put together a trusted team to facilitate your long and successful investment journey!

But, you get the piece of mind knowing it’s likely done correctly.

Building relationships with these lenders can lead to better rates or terms, especially as your portfolio grows.If the $200K cash-out refinance aligns with your immediate need for capital, it’s a reasonable option to consider, but keep in mind that reducing your equity too much now could limit flexibility later.

Keep in mind, tht 50% of the fee is usually offered to other agents that bring an applicant that gets approved.- All that being said, you can always negotiate, just be realistic.6) Call the city about the trash.

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