Quote from @Chris Lyman: im looking for areas to invest in remotely and one I really like so far is Buffalo. 

Quote from @Chris Mason: It's a great strategy.

Quote from @Chris Seveney: Quote from @Rene Bee: Hi Everyone,I'm inheriting a 2 family home that has been recently gutted.

Quote from @Chris Seveney: @Kashyap ShahWhat are you protecting against that insurance won’t cover you?

Quote from @Chris Seveney: @Aaron DuboisFirst and foremost - make sure you don’t get yourself in trouble by taking on additional risk.Based on your numbers your mom brings home a little less than $60k a year but to keep it simple we will work with the $105k numberA good rule of thumb is 10% meaning to make $105k you need to have $1,050,000.

Quote from @Chris K.: What area do you reside in Pennsylvania?

Chris, while I apreciate this view, I disagree with the notion that an agent--with no more information available than I've given--will understand the land value any better in this situation than the amassed wisdom of the pool of investors available here on BP.

Hey Chris!

Quote from @Chris Seveney: Quote from @Jessica DiPonziano: My partner and I want to find a bank to open a checking, and obviously build a relationship for later for any financial needs we may have.

@Chris M., It's highly doubtful that this will hurt you as long as your CPA continues consistently with the reporting path they recommended.