It was in our list to potentially expand our portfolio, but we already have 3 properties close to the shoreline....perhaps one day.

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

@Brandon Pimm my friend and I are in jersey as well looking at Allentown as potential first rental property purchases.

Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.

Communicating timelines and expectations upfront can help prevent losing good prospects to other properties.I'd say it's a potential red flag if they want to sign the lease without viewing it.

They collect EMD from multiple potential buyers - then transferred the EMD into an interpleader accounts in hopes of absconding with all the EMD. 

If you initially end up needing to raise rents I like to do them one at a time to minimize potential turnover from happening in multiple units at once.

Networking with local investors and visiting potential markets can also give you valuable insights.

I seriously looked into purchasing a few years back in Valencia but decided ultimately the US had more potential.

The IRS has challenged simultaneous "drop and swaps," so allowing some time between these steps is advisable.You hit this right on the head with your answer with TIC.You could also potentially do a Exchange Post Distribution (Swap and Drop).