Logically, if you fall into any of these fields, get a property manager:Located far from your rentalAren't familiar with the laws in your stateDon't have a way to properly fill work ordersI prefer going with PM's because they alleviate the stress of dealing with the property itself, so that I have more time to focus on other things (like getting more properties!)

But I don’t know if that’s a good idea because I don’t want tenants messing with a house I plan to eventually live in.Sorry if I didn’t use proper terminology but I’m only on my second book….

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

This information pertains to Colorado and I cannot speak to how thing are functioning in states I am not licensed in.

In general (not legal advice), in most states you **should** be okay to purchase notes without a license (if the loan was properly originated).

Set up properly and maintained correctly, they should not allow for liability to pass through to yourself or your other entities, as long as funds are not commingled, seperate accounts are maintained, proper legal forms are filed, and loans are not personally guaranteed or cross collaterized. 

I would not invest in an offering that does not provide audited financials as its clear with a lot of these inexperienced guru syndicators that they lack financial acumen and proper processes.

It should be very straightforward if you have the proper guidance from a broker or lender.

@Shibashis Dutta we've not only got clients from Canada, but also from around the world.We've very familiar with setting up the proper USA tax options for foreign clients:)

All of that has been done properly.