I've worked with a lot of CA investors to help them create passive income with Indy deals but it can be done anywhere with the right training and attitude.Please let me know if I can help with anything - we're all rooting for you Jaime.

Called a locksmith and gained access.

Keep all receipts and submit with your taxes as a business deductionAssuming you make over $3000 in passive income, you can probably deduct $3000 as a passive expense.That's how I look at it.

I was able to gain entry today, he trusted me to inspect the unit and asked if I could change the locks.When I was there, everything was pretty much the same mess but the electric utilities were shut off.

Tax Deferral: Properly executed, a 1031 exchange defers capital gains tax until you sell the new property.Have you ever done a 1031 exchange?

@Chase Wright, if you're starting out, most experienced investors would agree with me that you should house hack your first deal to gain experience.

Get to go slow and learn over time, build capital, and qualify for the primary res cap gain exclusion. 

Would there be a capital gain tax to pay from the sale of the PR business once the U.S. real estate was purchased? 

BiggerPockets is a valuable platform for learning about real estate investing, networking, and gaining insights.

If you go this route, you'll want to make sure you budget for furnishings.Some folks are venturing down to Pueblo if they want to go the LTR route, but in that case, you may not want to self-manage given the distance.Finally, while it's understandable that you don't want to be losing money every month, don't lose sight of the long term gains from appreciation.