Hi Jeremy, I deal with out of state sellers all the time and we do everything through DocuSign.

@Jake Handler is the ideal mentor for sure.

Of course late payers aren't ideal but that's why they're renters and not owners, it's going to happen in the business but if there's no communication then that's concerning.

(I in turn lose some return but VERY worth it to me)More doors (commercial or multifamily) means I have a greater buffer from having poor cash flow.Truly passive income: Write a check/wire, read a monthly report, ask questions if I have them.Specific to who I deal/work with: Not tranched or complicated.

Ideally, you'd want to be all in at 70% ARV(including repairs). 

I’m learning that it would be a JV with another newcomer, not ideal.

Ideally I’d like to meet someone(s) who is/are ALSO INEXPERIENCED to set up our LLC’s and complete our first deal together or “in tandem” talking to each other for support.

Ideally, we live  a long time. :)

To answer your question, yes, having the listing agent represent you is a good ideal. 

I've been considering learning more about a condo conversion (ideally with a partner who has done condo conversions) in the past.