, you may find it easier to do distance investing vs in the same state.I have three doors locally (single fam and a single fam we turned to a duplex), but ultimately my husband and I are more focused on the long distance investing as it's hard to make numbers make sense out here in Utah.That said, there's amazing real estate groups and meetups out here, and if you do want to buy local, getting connected with those groups will be the best way to hear how we make deals work out here, or killer deals that are hitting the market or that might be off market deals.Best of luck to you as you start out on your real estate investing path, we're all here rooting for you!

The root of this question is this, what does one do when significantly too much depreciation has been claimed in previous tax years by mistake on a property that was sold this tax year? 

With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.

I have some roots and a property in coastal California and have seen the benefits of this appreciation first-hand, but the costs still blow my mind and I don't have a ton of cash to throw around.  

It will not end well, but you will spend a ton of time and effort before you find that you can't change them.This isn't just about cleaning the apartment, there are probably root causes of the hoarding that you are not qualified to diagnose and treat. 

Balloon" framing (1920's I believe).Radon.Plaster and lathe instead of sheet rock (pre 1950's) or plaster and wire mesh variations (50's) more solid than sheetrock but a real b*tch to repair or demo if you're remodeling.You've got Galvy plumbing but also need to look out for other kinds of outdated plumbing like clay sewer lines (pre-1930's, prone to collapsing, bellies, root intrusion), cast iron (1950's, often rusted and/or cracked by now), and PB (polybutylene, gray-colored water pipes, 1980's, prone to rapid degradation and subsequent bursting, mostly gone by now).Buried Oil Tanks-- Do you have those there?

And if that is important, it takes a while to root through them all.

We put on tyvek suits and opened the windows that worked , broke the glass on those that didnt , threw fans in the windows for 4 days before we went back in .( neighbors complained about the smell and the closest house was 50 ft away )  We made a pump system and used a new plastic trash can and sprayed with a garden hose over 100 gallons of a bleach , soap and water over floors , ceilings and walls just to sanitize as best we could . 

Ok on a little soap box here on blaming OOS investors for cities dilapidated housing issues.

When people feel a strong attachment to their city, they are more likely to invest in its future, including purchasing homes and putting down roots.