.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

Self-managing from out of state has been doable, but the challenges have added up, and I’ve realized I’ve missed things that could have been avoided with closer oversight.If you’re just starting and don’t already have a strong local network, I’d advise against self-management from out of state.

Performed as the GC What was the outcome?

He even agreed to selling me one of his since it’s already performing and ready to go.

To really make a good informed decision you'll want to look at all of the metrics of your properties performance. 

I have been advised to do a title report on any properties I want to bid on, but am I able to do a title commitment? 

Few of the ones I’ve looked at or did the phone calls with were new wealth advisers club, rei accelerator, pace morby etc

I would not advise buying the condos you mentioned above unless there is something that I am missing.

After 40+ years in real estate sales, management, and investing, I advise someone in your situation to cultivate your patience.No market moves in a straight line--they move in cycles. 

And must be pretty significant unreported income if it would have caused $45k in state tax liability.You advised your client to wait past the expiration of state statute.