of course, but you are taking that chance with your hard earned money. if you cannot afford or do not have the time to make a few trips out of state investing is just not a good idea  for many reasons.  

If you're earning primarily W-2 wages, interest, or dividends, those attractive depreciation deductions from your cost segregation study will be suspended.Think about it this way: You might spend $10,000-$15,000 on a cost segregation study, expecting immediate tax savings, only to find those deductions suspended indefinitely.Does this mean cost segregation studies are worthless?

The LTR passive losses are reported on Schedule E and are not applicable to W2 income as I am not a real estate professional and earned above a certain threshold. 

Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.

Additionally, I have $100,000 in cash in the bank, and my monthly expenses for my home and family are around $3,500.My wife earns between $100,000 and $120,000 from her W2 job, while I've recently lost my job but found a new one that pays $65,000 a year.

If you are a REP, then it will deduct from active earnings.

We are lucky to earn a 9-10% cap on our outlay.The turnkey company then manages the property and gets paid the management fee and all the extra fees associated with the management, such as turnovers and lease-ups, repairs, and sometimes sales costs.

Be upfront about your goals during interviews to find a good fit.Broker's Share of Commissions:Yes, brokers generally take a portion of any commission you earn, even if it's from a property you purchase for yourself.

My recommendation is before chasing all these real estate deals is to go earn and save some money so when a good deal comes a long you can take action and move on it. 

You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.