If you don't want to do syndications because they use a mortgage, with your money serving as the downpayment, many other options might not work as well.

Yes to everything @Nicholas L. said and also know your financial situation and have your finances in order to present to a lender.

Maturana, and I am the founder of RAPT Hospitality, a craft catering and event management company serving New York City, Miami, and Amsterdam.As I delve deeper into the real estate world, I’m eager to explore various investment strategies, including house hacking, the BRRRR method, rental properties, creative hospitality ventures, triple net investments, vacation rentals, syndications, and joint ventures.

Hi @Nicholas L., thank you very much for your response again and the threads. 

I believe both active and passive investments serve a role and that at some point passive investments look much more appealing.  

Hey @Alexander L Gulledge!

As @Nicholas L. said, property management is always an option too if you want a full hands off experience but can afford it. 

It sounds like they only brought it up since they were served.

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.

Quote from @Nicholas L.: @Austin Wolfffair point, but there are also tons of threads on BP from folks in HCOL areas who bought a property in Baltimore or Cleveland or Memphis and got absolutely crushed by deferred maintenance.of course it's possible to invest successfully from California but it just seems like a lot of new investors are very much not set up to do it property.