This month, I added two new properties for this very reason: being local allows me to respond quickly if needed.Being prepared for any situation fosters trust with property owners.

Yes, Real Estate broker in the UK, and lender who specialized in buy-to-let (investor style) loans

Always try to double the project budget & time to prepare for the worst.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Always be prepared to walk away.For some this is too much, for others this is just part of the game.

I think you're gonna have to bring in the help of an attorney that specializes in this stuff.

However, there might be financing options available even without a U.S. income, particularly if you work with lenders who specialize in foreign nationals.Leverage Local Knowledge: Since your wife has family in the area, tap into their local knowledge.

Initially signed up for property management for few months before I'm mentally prepared to start self-managing.

Right now, I am reading everything I can and preparing for my next research trip to North Carolina.

With a full-time job, it might be hard to meet those requirements, so your real estate losses could be considered passive.Now, on the AGI front—if you and your husband’s combined AGI is over $150k, unfortunately, you won’t qualify for the $25,000 special allowance that lets you offset passive losses against your other income (like your W-2 income).

I’m a veteran myself and specialize in VA loans.