I've gotten better over the years as a property manager and REALTOR just by identifying my weaknesses, researching ways to overcome them, and practicing every chance I get.

If both of you go into the deal knowing that the partnership is unbreakable, both of you will probably work harder to overcome any difference of opinion.

If you are risk adverse real estate, (especially out of state) is not for you.

its is too bad it has only been 7 years or else adverse possession would apply (15 years). 

To overcome the funds issue, you can partner up with other investors and split the work based on each person's skills set.Best of luck!

I agree the 2% rule doesn't apply to areas like Seattle but I'm adverse to any investment that I know will need money invested into it monthly, indefinitley.  

My advice is to adapt and overcome meaning go where the money is and ride it out. 

Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty.

So my questions are: What are some first steps to overcoming the uncertainty and actually making my first deal happen?

For those who own on the islands, what pitfalls have you encountered and how did you overcome them?