Our offices are in the southern parts of the US so naturally we're more comfortable with buying in our backyard.

Quote from @Michael Challenger: I have no qualms with hard money lending, but I need to learn more about the process and structure to these for typical deals so that I am more comfortable and in a position to reduce my personal risk and risk to investors as much as possible.

Quote from @Paul Novak: Quote from @Don Konipol: @paul @Paul Novak First congratulations on finding and sticking to what’s successful and comfortable for you.You can always ACCELERATE wealth creation; the question is do you want to take on more risk and or dwell outside your comfort zone in order to accelerate? 

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

Work with them to ensure they feel comfortable with you as the new property owner.

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

@Desiree BoardWhen deciding between investing locally or out of state, and whether to self-manage or hire a property manager, consider your goals, comfort level, and resources.

From what you’ve described, it sounds like you have a solid plan to ensure your hours meet the active participation criteria.

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.