No states I'm aware of, and I'm a broker in 21, and a salesperson in 2, require the performance of a ministerial act. 

You have to have the right team in place and have knowledge of the marketplace, it's not a beginner friendly market IMO. - All the gains in real estate come from network effect & relationships.

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

I’m 15 years old and I’m looking to get into wholesaling and trying to find all the advice I could possibly get to build my self up.

I’m 15 years old and I am trying to get into wholesaling and was wondering if anyone has any advice for me to use.

However, for the beginner investor looking for a "set it and forget it" investment a higher face value Cap Rate is not always a higher return over 5, 10, or 15 year time horizon.I sold a McDonald's last year for a 3.5% cap rate and received multiple offers at that price point.

The best sponsors build their reputations and investor base on long-term performance and trust.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

The pitch was basically $15,000 for 0.5 acre parcel on an under-performing commercial coffee farm his group acquired with the expectation of a conservative 13% annual yield.

I’m a beginner but do have a rental in Riverside.