At the early stages, the more control you have over your real estate, the better returns thus I recommend investing locally to make your dollar go that much farther and gain a good familarity with real estate before exploring out of state investing.

The legal structures they set up for me were confusing until they sent me a block diagram showing how everything works at which point it became very clear.Only thing I wish they had was a "users manual" that explains what to do at each stage of the process; that would have been simpler than all the emails I sent which they happily answered.Overall it was a very positive experience and the peace of mind it brings is well worth the money.

I'm going through some of the early stages of deal analysis, and listening to some of the books from the library here.

We are now just past the sheetrock stage and so far the numbers are fine.

Still in the early stages - it will probably take 2 more years to realize the value.

This weekend I was lucky enough to attend an MFIN - Multi Family Investor Network - conference here in Colorado and see BiggerPockets CEO @Scott Trench share the stage with @Ben Suttles and @Feras Moussa talking about the future of real estate investing, plus a number of other keynote presentations and informative breakout sessions.

Going to get their excess dirt delivered to this jobsite. 

They are also not prevalent in this stage of the market cycle. 

In fact, there're several "layers" of restrictions, including "at-risk" rules, basis rules for pass-through entities, hobby rules, new (as of 2021) "excess business loss" rules, special rules for Section 179 and business interest, self-rental rules, vacation homes rules, and more. 

@Cj PowderhornHi CJ, Regarding your Cape Coral experience, the median time on market for duplex rentals for the April to present time period was 37 days, so yes, your vacancy period for that unit was excessive.