Hello @Alyssa Dinson,The adage, "Live where you like, but invest where you can make money," is true and remote investing works, if you have an experienced investment team.We’ve run an investor services business in Las Vegas for over 17 years.

Also, note that if you use a loan servicer, some can’t handle compound interest.

I work for Evernest, a full-service PM company, here in Birmingham. 

At about half of my properties I provide quarterly exterior pest control services.

Originally the program was developed for Facebook and Google, to power their data centers there, but TVA has opened it up to the 7-state service area.

Typically people charging for that service are doing it because they need the money...if you catch my drift. 

Quote from @Dani Murai: Any recommendations for a reputable general contractor that services the Torrance/Gardena area? 

I would put it on craigslist and FB to see if anyone wants it for free.Otherwise call a junk removal or abandoned car removal service. 

In a situation where you were doing an arbitrage (renting it from the owner, then yourself re-renting it to someone else) your costs to renovate/fix it up while you're using it would be able to be capitalized and depreciated by you once your rental was in service (available for rent to others). 

and I was just one little mortgage guy with 450 loans out.. can you imagine the banks with hundreds of thousands of loans and servicing companies.. so having mass equity or paid for keeps this from ever being an issue. then when I sold these off.. most for cash but a lot I did a 30 to 60 month ZERO interest deal on.... and boy you should have heard the cash flow cool laid drinkers..