https://therentalgirl.com/tic While these are primarily Ownership oriented, I hope you will find it helpful in managing the "shared" aspect of your rentals...

I was interested in the finance and legal aspects of operating a multi-state buy and flip equity fund.

The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.

I can't emphasize this enough: it is absolutely crucial that you hire an agent or manager who knows the area before buying a student property here.

I agree with what @Jaycee Greene said, having local connections accelerates all aspects of out of state investing.

My experience indicates that solid due diligence upfront on the economics is the critical factor, the tax aspects often take care of themselves with only modest planning.

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

Hi Michael,Finding the right CPA is crucial for managing your investments effectively.

Yes, someone ONLY focused on MORE cash-flow can have tunnel vision and ignore other pertinent aspects of investing, BUT the 1% rule has noting to do with ONLY focusing on cash-flow.