It's no different than their 2-year, low interest rate teaser houses.

There are a lot of different avenues that you can take to make this work.

Is a different town from where i have the other properties.

Hi @Esther IrokoPlease kindly ignore all the specific advice from Americans as the landlord-tenant laws are so different in Canada.

There aren't many co-ops in Southern California, mostly in LA or a senior community in Orange County, but there's not much of a discount between condos and co-ops - at most, 10%.What is your source of the 10% difference data?  

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

When vetting a passive deal, every investor will do it differently because every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.

I also think of property locations and property conditions having different classifications. 

Unlike developed real estate, land requires little to no maintenance, has low holding costs, and offers various potential uses—from off-grid living to future development.What to Keep in Mind When Buying LandZoning & Land Use – Always check local regulations to ensure the land fits your intended purpose.Access & Utilities – Some properties are fully accessible, while others may require additional work.Financing Options – Unlike traditional real estate, land financing works differently and often requires creative solutions.For those interested in learning more, we regularly explore affordable land opportunities across the U.S. and can help navigate the process.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.