But she loves the idea of owning real estate and the financial wealth it brings.When I found my first deal, I showed her the potential upside and she trusted me.

.✅ Ensure your mortgage allows renting—some loans have restrictions.If your financial cushion can handle these factors, you’re in a great position to rent out your home successfully!

Being the highest quality locaitons in all of MS or at least central MS you get the very best tenants.. then my office staff handled the monthly collections.. so hybrid.

My personal take is investing is hard enough without having the added complexity of building a remote team of folks that can handle things for out of state deals.

How would you handle the situation if you ever encountered one?

Hi ChrisManaging out-of-state investments can be a great way to diversify, but it comes with unique challenges like relying on property managers and handling long-distance communication.

Partnerships are gold too; I’ve seen deals where one person brings the money, the other handles the work, and they split the profits.Company hacking is a bit more advanced—getting added to an LLC that owns the property, improving it, then refinancing to pay the seller out—but it can be powerful if you and the seller trust each other.

All it will accomplish is create a $800/yr tax bill from your lovely state.As to your question, read this thread:https://www.biggerpockets.com/forums/51/topics/1225072-do-i-... 

Hey, I sent you a message, would love to hear back from you!

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?