Lemos: Quote from @Jay Hinrichs: well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder. 

It'll also allow you to manage the property and learn what it's like to own property and really get to know your local market.2.

If you do choose to invest out of state, the best advice I could give you based on what I have observed running a local real estate group here for over a decade is build your own team.

After a year you finance, it gets into BRR situation that is no money from your pocket as equity takes care of downpayment and you own the building.

You are on the hook and can be personally sued, for everything you own.

Fairbanks offers a unique market with its own set of considerations.

Who owns the listing if you use a PM? 

You basically own 3 paid for properties. 

I have a few over 100 years old.they come with their own unique problems, but to be honest I think they have some advantages too. 

If you divide that amount into the capital gains tax savings, you'll get a number of months you'll have to own your current home to make the interest savings exceed the capital gains savings.