It's actually better to invest out of state in my opinion so you're forced to outsource and delegate your real estate functions to others which will allow you to scale quicker.  

Flow rate is a function of pressure drop.

Investment Info:

Single-family residence note investment investment in Redmond.

Purchase price: $350,000

Cash invested: $87,500

Purchased the house from neighbor to use as short-term rental. We also ...

This will help people connect with you after determining how their goals, services and resources align with yours.2. use the 'search' function to find topics, members and areas of interest.

This "experiment" has been attempted in multitudes or manners, ages, forms, functions and in every case, ended identically, with mass poverty, pain & suffering of the common person, and rampant corruption.

Now if you have a partner/partners, it can be a great way of having a formal business structure to build a property portfolio and can also stand as a real, functional business for liability purposes. 

.- use the 'search' function to find topics, members and areas of interest.

They are non-profit in terms of distribution of profits at the end of the calendar year (after salaries/commissions/bonuses/etc are done being paid out, of course), but for 11.9 out of 12 months, they function as for-profit institutions like any other.

The IRS views the cost/basis of a business asset as the total costs to have it able to do it's intended function. 

@Joe Archbold it is certainly a function of the asset type and the operator.