Don't forget, a lot of contracting is guessing until you open up the wall/floor/roof and physically see the damage.

It also depends on the physical characteristics of the basement, as others have pointed out - fire egress, ceiling height, window size, etc. all matter and affect whether the city will allow the occupancy. 

Not an email, not a text message, but physical forwarding address? 

If you only invest where you physically live, you are limiting yourself significantly.

You have to be a self-starter though since there isn't a true physical office to head into on a daily basis - most all of the training and support is online. 

Do you physically meet them at all, ever?

Short of physically visiting the property and talking to people, there's not much else you can do.

Interested to see how other investors are mentally and physically preparing for a reversal of 1031 exchanges.

A while ago I saw a post here teaching landlords how to avoid liability by setting up a company/ the property owner in another state, so the tenant cannot sue the property owner in the state where the rental property is physically located but in the state where the company/ property owner is filed.Can someone provide more detail about how this works?

Of course if values are moving up that quickly, it may still be a fair price even with less square feet.I would never buy a property without being able to physically step foot inside and "inspect".