(Long story about a couple who thought they were protected by having joint ownership in a duplex, still got sued left and right for different accidents at it.Tenancy in Common - When tenants own fractional shares of where they live.Joint Tenancies - When two or more people agree in writing about splitting ownership, undivided, in property.

I wish I knew a fraction of what he knows. 

We're spending days negotiating over fractional transactional costs on your 1978 property listing that has a dozen problems that nobody wants to deal with.

I wouldn't worry too much about both issues you're umming and urring about - and definitely wouldn't let them dictate my investment strategy - for the following reasons -1) Investing out of city, state or country is only an issue if you're a hands-on, micro-managing fanatic, OR if you've got a major advantage in being hands-on in any particular field (for example, if you can do renos yourself for a fraction of the price it'd cost to outsource them).

It was largely paying cash, buying right, or timing/financing that made my rentals profitable, depending on the rental.So even on a financed property, I am looking at the same cash flow on a Memphis house, for a fraction of the down payment on a house here.

New apartment rents will be in the $900 per month range and a 3 Br MH will rent for the same with a fraction of the investment.

I have a resource that handles the eviction for a fraction of the cost of using an attorney.  

There are some fractionals out there with shorter (1-2 year) holds that could accommodate a 1031 and again haven't compressed rate to awfully low.3.

In the beginning he would send me statements, showing rents collected, then all these crazy expenses against the income, so at the end of the day, my 25% profit share was always a small fraction of the rent, & each time I had to call & plead for it.

@Andrew @Andrew Nguyen undefined, I understand a small fraction of what you were advising Johnson on, and would be happy to buy you a beer and you can tell me what the hell is going on!