Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

Plenty of pics and having a virtual tour for potential guest to instill a sense of confidence in the property.

Could virtual currensy possibly be the 3rd wave?

Quote from @Rodney Davis: Have your heard of Strategic Investments Partners I have not, Is it a virtual meetup?

(Ask me how I know this.)You'll be priced out of virtually any quality market as you'll need to put anywhere from 25-40% down if you'd like to cash flow in a deal you don't have to significantly rehab (or found off-market) with interest rates where they're at (and don't expect them to go down to 4% anytime this decade either--a 3-4% interest rate is historically low and investors in the 2010s were lucky and spoiled). 

They virtually never do ground up ADU additions.  

I've looked at google earth and "driven" down the road virtually and mine doesn't appear to be on the best street, but I have nothing to base it on since I've never been there.  

And it's one of the few, true, "set it and forget it" investments out there, as there is no maintenance and virtually no risk - the only risk is a US Government default (which would be apocalyptic and thus one of the few things our gov't would never do). 

Connecting with a mentor or support network can be done through local real estate meetups, forums, or virtual mentorship programs.

Virtually all 5+ units in Reno where the buyer is using bank financing will require 50+% down.