Like in a high-stakes bank robbery film, only this time you're negotiating the exciting and frequently unpredictable world of real estate financing rather than robbing a bank.

After that, I'm told that The closing must be attended in person, so I guess you'd  better sign a power of attorney over to a family member or friend you trust or,  get your frequent flyer miles up.

Also if you are looking OOS 20% down is frequently required and on the average price you're looking at 40k-80k down...

I live in North Myrtle Beach, have a large STR rental house in the Cherry Grove section of the beach, and frequent Myrtle Beach proper often for dining and shopping.  

While the obvious caveat to this is a slightly higher purchase price (if you choose to do so), there are a variety of benefits to this strategy as well, such as:- The idea of getting a Lump Sum Payday (from the bank) AND a steady stream of Passive Income from you as an investor for the downpayment is incentivizing to most. - If the seller is desperate to close (due to health issues, family problems, liens, etc.), they may agree to Seller Finance the small amount in order to ensure the deal makes it to the closing table. - You're minimizing how much is coming out of pocket when closing arrives. 

But there are a variety of ways this could be treated that would change that answer. 

I do find myself shopping quotes frequently.

I have a little BP ADHD :-) Specifically, we prefer to invest in northern CA since we know the area, have most of our immediate family there, already travel there semi-frequently and my sister-in-law owns her own PM company and can manage our acquisitions which gives us a competitive advantage.

They frequently use unreasonable scope of work to get a projected range for max return otherwise it's usually not a deal.

I found my path in the real estate world and it's because of the wide variety of education I received from the subto training videos and community.