The laws mostly protect me the lender and I have always gotten paid even if there are occasional borrower problems.

Alternatively, your GC can keep you posted on progress, but having a local project manager or even a trusted friend to occasionally drop by can provide extra peace of mind.Hope this helps, and good luck with your rehab project!

My purpose behind my decision to pursue REI is to gain financial freedom for wife and I, my future family as well as have the ability to make sure my parents are well taken care of once they reach the retirement age.If I had to label myself I’d want to be known as an open minded rental investor for all long term, mid term and short term investing, with the occasional flip for quicker capitol to put back into another rental.

There are occasional properties in the rural areas around here that I can get 95% LTV on, those areas don't appreciate as quickly but do have decent rental rates.

Heck, I hand wash my dishes mostly at home anyway.I am targeting a February move-in.

(coffee maker all dishes includeded etc).It is a dorm style lay out all the bathrooms are onsuite so there is no half or hallway bathroom

Build a reliable team on the ground, plan occasional visits, and trust your general contractor to handle the day-to-day.

I look at mine as investments but I do have one in particular I do use occasionally for personal use. 

I will also add that many independent travelers that do room rentals enjoy having their own fridge.To keep things kosher in shared spaces, my friend who runs PadSplit says every room comes with one colors or plates cups etc to ensure that guests are accountable for their own dishes.

Most BP members in our region are familiar with the West Sacramento meetup, and there was one in Folsom meeting at Out of Bounds occasionally, but I haven't seen posts for that one lately.