we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

This just protects our investment until probate is finished.Get creative with your offers you never know what will interest a seller.Have a conversation and find out their needs if you can before making offers.

Do you get interest on that money that is sitting there in your home? 

But I don't believe this is fully correct. 

We host a free real estate meetup the first saturday of every month if you are interested in coming and meet some awesome real estate investors who are looking to do their first deal to savy seasoned investors.

It's the cleanest and simplest way to do this. 

If you thought that was worthwhile this should be too. 

My point in asking is how do I avoid this mistake in the first place going forward. 

I'm used to BRRR'ing residential homes and would like to do something similar with this property. 

This can be tough to grow, especially when using a third-party management business.