OOS investing has operational inefficiencies, because you work remote.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

As for one of my other operators, I am invested into REM in 3 different deals.

Thanks, Victor.I have met the people in person, and it's a fairly large, established lender operating in multiple states. 

The best way to think about it is you're in the business of renting a property-that business isn't operational until it's ready and available for rent (aka in service). 

Franchises work for a reason, but inexperienced operators are why they fail.

Deduct mortgage interest, property taxes, travel, and operational expenses.

While I have managers handling the daily operations, I still oversee everything remotely.

You need to know what to look for, what to address, and have solid buisiness acumen to run a MF operation of that magnitude.

Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.