Here is a summary of the book.https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greeneThe book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager. I

I’m based outside Houston, I bring over 14 years of managerial experience in chemical manufacturing to the table.

The only benefit in this instance, as an investment partner in a JV, or member in a multi-member LLC, is it's an act of "good faith" on my part in the agreement, being extremely transparent about the project's costs for the construction company, and the specific amount the partner/member invoices as profit or salary attributed to construction services on the specific project (I differentiate profit from salary, as it depends on the size of your construction company, a smaller company the profit may be the salary etc). 

Sure if you plug vacasa into it they will do worse than what you can do because they don't give a flip but if you find a good local manager (I use Hyatus Stays) you can find they will do much better than what you can do because it's their full time focus and job.

One that is attributed to the top unit and one that will be for the bottom unit.

I attribute this to bad information on the internet and “Gurus” who sell the novice investor on the notion anyone can scale to a  large portfolio quickly.

I attribute this to a lack of understanding of litigation, the claim participants and objectives of the parties (particularly the plaintiff's attorney and insurance carriers). 

I have hesitation with out-of-state investing, and I would like  be hands on with my rentals as well as not use a property manager. I

Learn by zoning the attributes- setbacks, special use or Conditional use potential, learn the processes, 5. 

@Andrew O.hire a property manager!  =)  i