Sees a lot of off market stuff because he is a property manager as well.The toughest part about investing outside of your locality is finding boots on the ground that you can trust.

A good example of this is the Springfield Mall just 30 minutes outside of the District, where visitor levels are at pre-pandemic levels and average stay times are higher due to their prioritization of experience-focused retailers according to the CEO of Pennsylvania Real Estate Trust (Source).

They might only skim an inspection report and trust me to find issues.

Guys - I was just quoted $5000 for the Trust package (Trust, Will, Living Will, and Power of Attorney), plus $1660 per LLC, which includes one holding company in WY and however many other LLC’s you want to start.

It sounds like you trust your PM and he is doing what he is getting paid for.

Trust me.

To collect all rents and other income from the Property and promptly and directly deposit suchrents in XXXX's Pooled Trust Account.3. 

But you will need some good capital and reserves unless you have a very trusted boots on the ground partner that can help you out.

They also have to trust you.

It’s a great reminder to trust your own due diligence and not let others make critical decisions for you, like hiring a property manager.For future investments, building a trusted team and maintaining direct oversight is key, even with remote deals.