I value an extended network of mentors (just like I offer at work), so I can learn different facets from deep experience in different areas, instead of broad knowledge across the board.

They play a vital role in the success of an out-of-state investment, and selecting the right one can save investors a lot of headaches.The links you provided to your blog posts and resources on BiggerPockets are also appreciated, as they offer more in-depth information for those interested in specific markets.Additionally, your reminder about the importance of assessing whether one has the time and capacity to be a DIY landlord or should hire a PMC is crucial.

I can tell that education and networking are the first priorities for members.While a new member to this national group, I have worked within the Twin Cities, MN, market now for over 30 years with deals completed in all facets of the industry.

I do think that because I am coming in and do not have lots of money to invest with but I do have a people around me that are very vital to this business.

Maybe only some of these facets of REI excites you.

However, this is where a tax mind (familiar with the region) would be vital to determine reasonable FMV of the property in the eyes of the IRS and local values so as to not make it look like a transaction between family members is being put together for the purpose of avoiding fair market tax assessments.Not giving you specific legal or tax advice, just some personal thoughts :)

There are so many facets of it so you really need to formulate a direction and focus.