On a high level, be VERY picky and kiss many frogs before you get into any partnership.My pros of investing OOSLive where you want, invest where it makes senseForces you to have tighter systems and processesEasier to scale Get to travel every month or soEasier to look from the top downSharpens your communications skillsMy cons of investing OOSNot able to be there, interacting in the market on a day to day basisHarder to build close relationships with partners and vendorsLack of visibilityVendor selection is harderMarket knowledge takes longer to obtain

These are just a few examples of good questions to ask, but it makes the interaction between a potential borrower and an account executive at a lender that much easier!

I've learned a lot from you and enjoyed our interactions along the way👍

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

So when i pressed my CPA on do i get a high-5 for this "donation" to the nation, maybe a coffee mug, a shirt, something, anything, he said "nothing, not even a thanks, and you just send it in, there is no interaction, ever" which lead down a rabbit hole argument of there's gotta be offices, with people, actual human beings one can interact with. 

I notice a lot of these medical professionals are looking for an economic stay and would rent a room to save some money during their contract term.My question is this: If I'm renting by the room, but I'm not present on the property - how can I manage guest interaction and set up some layers of safety checks/balances? 

It think involving the HOA, city or police prior to talking to them first is not the right way to interact with people.

If the LLC is not an option with the realtor business (eliminates S-Corp election option) then I don’t think it is worth setting something up for investment purposes assuming you don’t already have a large RE portfolio.As for your other question, for most of my business owner clients I recommend using Interactive Brokers because interest earned on just cash (not putting it in any financial instrument or security) earns a very competitive rate relative to the many alternatives.

Much less cost and it sounds like @Alesandro Breguez needs someone to interact with various folks like guests and cleaners.

My wife and I spend a few minutes every day listening to experts on real estate and (we have over 20 years experience as landlords).Our favorites: Ken McElroy, Jason Hartman, David GreeneTo get a good picture of how to start and run long term rentals read "Landlording on Autopilot"Pick one aspect of it and study that for a while  then take a break and study another one.I love owning and operating single family homes as long term rentals because I get to interact with the families that I am helping live while making pretty impressive amounts of money with comparatively low risk.