Fees of sale are: $375 (resale certificate) $225 (transfer) $850 (cap fee)6.

I transfer via ACH/wire all the time with no issues.

With tons of ex teammates and international students looking for housing in our small town environment, there is a untapped avenue to succeed.

If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements are protected by in place permitting and licensing and the permissions are transferable through a sale.

They are often based on a combination of unleveraged internal rates of return and discounts to replacement cost due to the scarcity of debt.Where cap rates are used, they have seen significant movement off the 2021 lows, with 5-star properties seeing yields expand by 175-200 basis points.

Hi Alex, I invest out of the country internationally, so even further than out of state :), while also investing locally.

In the next 3-5 years I plan to convert to BTR, get them insured both on internal systems and rent, and then spend maybe 2 hours/month to manage my PMs.

If your friend bails, having the property in an LLC makes transferring shares simpler.

However, after the exchange, they want to transfer from personal name to an LLC under their Holding Company to protect their assets. 

Also, you can always cashout refi them AFTER retirement and get that money tax-free (until you sell or transfer via inheritance).Recommend you read The Millionaire Real Estate Investor, which shares the plans of several different investors.