Hey BP Family,A neighbor of mine passed away about 2 months ago and I have been trying to contact the family (trust) to see if they were going to be selling the property.

I'd rely on her to handle much of the day-to-day management.Given this, we're leaning toward a single-family home where we can comfortably rent a room to someone we trust.

Personally, after working with numerous property managers in Las Vegas, I only trust two to handle this task for my properties.Compliance Is ComplicatedProperty management involves navigating a maze of city, state, and federal regulations.

You just have to keep moving forward and trust that it will all make sense eventually.

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

Sounds like you've started your research on OOS investing, but the single best piece of advice I can give you is to establish a trusted investor-friendly agent who will be your boots on the ground once you decide which market you want to target.

Full interviews, full background check, do they keep a messy car, call their references---after you do that then trust your gut. 

Unless you use a local professional familiar with the market, who you trust, best way to know a good deal is to study the market.

Once you’ve got some experience under your belt and have built a trusted team, that’s when you can start looking at value-add deals to really scale up your portfolio Thank you for the information.

I like to go with the motto, Trust but Verify.