Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.https://www.biggerpockets.com/blog/core-four-real-estate-team

I personally don't know the investor very well, but I have a close friend that has lent money to him on multiple occasions within the past six months, which gives me a little bit more confidence. 

I'm pretty confident there are other solutions out there for the property.

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Your post was engaging and I would like to engage further as you have made good points.First, what is WAG and what is the 50% rule?

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

💬 Engage with Each Other:Comment below with your favorite single-family success story.Share any challenges you've faced and how you overcame them.Tag a friend or colleague who might benefit from this discussion.Let's create a valuable resource for everyone interested in single-family investments!

Go see properties tl get familiar with the area then when something pops up you can pounce and you're confident in your numbers.

So I’m confident I’ll be fine. 

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.