This will give you an education about managing rentals. 

Written 50 + years ago, it’s still the best education on note investing.  

I recommend as a first step in your education in this new type of investing - join a Community that is specific to syndication investors.  

Outstanding education, local and national meetings and lots of networking.

You don't realize the full gravity when you are 20..But it would be less awkward for young people if it were a legal requirement to sign a prenup, just check the boxes you want, maybe even go through some education before. 

The irony of the 1% "rule" is that those who could even use it effectively don't need it, ie if you need to spend more than 30 seconds thinking about whether it fits the guidelines you're probably not educated enough in RE to use it anyway. 

In my mind, out of state investing means extending the education and research phase and pushing the 1 year goal to maybe a 2 year goal.

There are several texas who to me are not people I would want to do business with who took millions from investors and never returned it and still is out there raising $ and people are still giving him money for education and investing which is not gonna end well for them. 

Some sellers may not care and those that are in protected class's IE non english or simply not educated might still get taken advantage of..

I working to educate myself more about REI.