They’re also the investors who miss out on the transitioning neighborhoods because physical observation is the best way to spot the neighborhoods that are transitioning real time.

Does anybody know any banks that would be easy to open a business checking account without my partner's physical presence?  

I could have easily paid for it, but I did it myself for the exercise.

I’m a 21-year-old college student majoring in physics and economics, I am the president of the Commercial Real Estate Club at my University, and am preparing to enter the investment banking industry after graduation.

In this transaction, the value added wasn’t through physical renovations but rather through quick market positioning and strategic timing.

Is it better to open an LLC in the state where the property is physically located OR in the state where I live (Colorado)?

Stay local -- you have to be there physically.

Free cash flow and lessening physical and financial burdens is always a plus, it should probably be included in the business community goals I think leveraging your existing business cash flow to diversify your income portfolio is awesome!

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.