To be more successful, you simply have to work on the other elements to progress your REI pursuit.

I share Twana's view that I recommend all buy n hold RE investors start local, but this one seems to already be set on OOS.I wish the OP good luck in his OOS RE pursuits. 

The tax basis is zero.3. 1031 for another real estate asset class that becomes the basis for a retirement portfolio on a more accelerated basis.I realize that there are a number of personal considerations nested in these questions, but in broad terms, we want to yield the highest value of the property to both provide for our daughter and to defray dependence on our equity investments as my retirement won't be playing golf but shifting from being a full time CEO of a mid sized growth company to becoming a more active investor in real properties and other pursuits (rebuilding motorcycles and remodeling houses).I would appreciate the wisdom of the forum as by my lurking here it's clear that I am a rookie in this arena.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

In other words, I like to support people who have supported me in my real estate pursuits.

Matt DelCantaro here - wanted to take a moment to introduce myself as I begin my pursuit of a real estate investment portfolio.1. 🌎 Where you’re based + where you (hope to) investCurrently located in White Plains, NY (Westchester County) - bit pricey here, so looking a bit further north.2. 💫 What your goals are with joining BiggerPockets (e.g. buy my first house hack)Initial interest in buying and holding rental properties (multifamily) or home flips.

Best of luck in your pursuits! 

This trend is influenced by the ongoing high interest rates, stricter lending standards from financial institutions, and near-zero rent growth.In my ongoing pursuit of knowledge, I engage in conversations with various individuals in the real estate sphere.

I am in talks with a friend who is interested in joining me in this pursuit.

By recognizing and leveraging this principle, one can initiate a positive transformation in both their minor and major life pursuits.