If all you are doing is watching YouTube videos, you don't know as much as you think.

Quote from @Christina Hall:  Why don't you watch my BPCON Talk:https://jerryll.wistia.com/medias/ydx9ksnx2jAll the proof is right there.Mods: This is a censored version of my talk at BPCON @Noah Bacon 

Use next 4-6 months to learn by listening, reading and watching how the real estate investment game works.

That's super helpful, and always something to keep in mind and watch out for. 

You can oversee this aspect from the background but don't try to directly engage a GC from out of State without having someone tied to your success there to watch what's going on.

So, you want to watch tenant credit scores, see the default chart below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% PROPERTY VALUES: What are buyers willing to pay for a property? 

As you read these books, watch the BiggerPockets podcasts.

Other than new construction development same here we have no senior debt its all cash.. of course unlevered returns are are a little less but man is it so much easier to manage and not worry about paying the senior debt all the reporting One has to do etc etc.. having been through a terrible down cycle with syndication decades past and watching what the guys I worked for went through and lost I just decided if we cant pay cash I am not going to do it. 

And cap-x, that's a fast way to watch great returns go to 0 fast.

Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?