The only management cost I have is my own time, which outside of natural disasters is 1-2 hours/week at best.

Others meet at events, RE meetups, or even through social media—whatever feels most natural.3️⃣ Vetting: Vetting is crucial.

It’s not rocket science but it’s definitely something that takes experience and skin in the game! 

And absolutely use an architect on any project that is large in nature. 1) Asking for references is the typical way of vetting a Contractor, but think about it...is a Contr. ever going to give you a bad reference?

When you finish setting up your business profile and have your forums signature set up, you can focus on answering user questions, which will naturally lead to connections and business. 

Asset management, though closely related to real estate, is typically considered more strategic and financial in nature rather than direct involvement in day-to-day property operations.

One of the side benefits is that the tenants now have skin in the game so to speak, and my gas bills have gone down a bit.What kind of heating system do you have in your property?

IN case the house you bought needs urgent repairs because of some natural events .

***You'd want to make it worthwhile to foreclose and also be safe***If someone is an A Paper borrower just needing to close fast, some of my investors will go 75 LTV.You can also always feel more comfortable on a purchase rather than a refi, as people are bringing skin into the game, not trying to exit.

Definitely the way to go on rental properties if you are an out of state investor NOT looking for an enormous undertaking with a BRRRR type scenario or investment of that nature or part time or full time job.