Everything else comes from networking, experience, and getting your hands dirty. 

Banks, on the other hand, can take weeks, if not months, to approve and fund a loan.Another big plus is the flexibility in qualifications.

No pressure here but wanted to be able to offer a hand since I'm local to Lane County.

Problem: Alignment - this is hands down the most common mistake that I see.

I don't know the #'s off hand but I feel safe in saying L.A. would go bankrupt yr2 if not yr1.It's not remotely feasible.  

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

Traditionally most lenders will require 25% down, however there are a handful that can do 20% down without any experience. 

Both can save time and improve efficiency, depending on how hands-on you want to be. 

If you live there you probably have a good handle on the subtle market dynamics.One significant risk of buying any property out of state is that you have a lot less knowledge and first hand experience with all the nuances of that specific market.

Cabins should cash flow nicely based on my location and research.So.... do I sell the Fl house so I have plenty of cash on hand to do my 6 cabins?