There is almost no understanding CPM- several multimillion dollar coliving start-ups have FAILED b/c they saw the demand for coliving w/out seeing the need for a respective form of property management (see HubHaus, Common, Starling, etc). 

many houses in the midwest, for example, are very old and need major rehabs.i personally think out of state investing is more difficult than advertised, and much more difficult in the current investing environment, with: prices high; interest rates high; tremendous demand for inventory, by both investors and retail buyers; and good PMs, contractors, etc. booked up.here's a really thoughtful thread with the experience of another CA investor and lots of different responses:https://www.biggerpockets.com/forums/12/topics/1215726-break...and here are some threads about how it can very easily go wrong:https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...finally, you also said you "don't have a lot of money to start with." 

Gotta respect the wise as long as they aren't cheating, lying, stealing or have malice intention. 

Building an environment where people can safely age in place and obtain needed care makes for difficult family decisions.

The bleeding is now over and you can move on with a quality tenant that will provide you the cash flow and property respect that you deserve. 

Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the listing price.Beside from the following actions, are there any additional steps I can take to ensure my approach is considerate to both the seller and my agent?

This contrasts greatly with most accountability partnerships, as a mentor is typically more respected as an authoritative figure.

Use surveys to gather feedback on their experience.When tenants feel valued and respected, they’re more likely to take care of the property and renew their leases, saving owners time and money.Fairness with VendorsVendors play a crucial role in maintaining properties, and treating them fairly ensures they remain reliable partners.

Even on a high interest rate environment  the market has been climbing.

Things are different now and we certainly aren't in anywhere near the same situation as 2005, but it's interesting how a similar environment of sustained prosperity makes the exact same kind of "new and innovative strategy" companies pop up.And based on the responses I'm seeing, I'm sure these guys do a bang-up job of selling their strategy and motivating their clients...not a bad thing at all if it leads to a change in their mindset about money and how to build wealth.