Learned all the lessons needed on this one for sure.I am now feeling the positive pressure from the huge mistake and looking to leverage all the resources I can to make sure I do long-distance real estate investing the right way from here on out.GOAL: I plan to purchase 3-5 SFH to hopefully cashflow $2,500+ in the next 2-3 months.

Ensuring compatibility among tenants, setting clear rules, and having a solid management plan can help mitigate conflicts and turnover.

With 25 years under my belt in construction and corporate environments, this is not the way you do business.

I have even seen it in selling businesses. 

Would love to have a reliable person to help free up some of our time to focus on growing the business.

The downside will have more to do with your business personality.

If you have enough money but your business is the main driver of income in most cases you can make more money putting time into the business.You could also get creative here.

I think this calls for another patented day of Mike's Research Plan.

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.