Only way to get your broker's license without the 3 years of experience is if you are a disable veteran.How in the world does being a disabled veteran enable you to skip the 3 year requirement? 

Hopefully it also leads to some decent appreciation that enables an escape with some good gains in exchange for the diminishing monthly income returns.

But as the Tennessee markets have recovered (average home values of $162,000) and rents have increased to an average of $1,039, the Volunteer state is attracting more than just hopeful musicians.

I pass on :-99% of the HUD properties I track((I have bought 300+)-99% of FNMA and VA foreclosures I pass on-99.9% of Hubzu and Auction.com I pass on as I place an offer of what I am willing to pay and stick to it-99.9% of the "deals" wholesalers send me I laugh atIt is the .1 to 1% of the deals I have bought that have enabled me to live a great life.

At the very least, even if no prohibited transactions occur, your flexibility will be limited when partnering with your retirement funds as care must be taken not to violate any of the rules (self-dealing, transfer of ownership between partners, enabling, etc.)

If you live in a market where you don't have any choice but to invest somewhere non-local, then you should be making a deliberate choice to invest in a particular non-local market after you've done your research and put the necessary things in place to enable you to invest there.

Being an expert in an area will help you take the guess work out of your offers and enable you to identify deals quickly. 

Money may enable it, but so might relationships or other benefits of activities you pursue. 

My network and experience working with international clients allows me to market your home to not only local buyers, but also cater the marketing towards international buyers that generally work with all cash, enabling a faster close.I'd be happy to help put together some comps for your sister's home.  

I am mainly engaged in flips and acquiring properties for my own buy and hold portfolio, but the level of marketing I am doing enables me to also wholesale deals that I am unable to take down immediately.