This is possible for me, but it would have to be multiple gifts by separate family members to stay under the tax amount.

I visit my out-of-state properties twice a year and it's more than $2.5K when you look at plane tickets, hotel stays, car rental, etc. not to mention there is added risk when you can't drive by your property from time-to-time.

As an out of state investor that can't be hands on, I recommend staying away from lower end areas.

For commercial retail, we are interested in it, but we read an article that said you're basically paying double per square foot than regular market value, and it's more an investment in the company and good faith that they will continue to stay in business in that location.

Good Morning BP world, My name is Victor and I currently stay in Middletown, Ct.

Let me give you a few danger signs to watch out for when shopping for an attorney:If they don't have a paralegal and or Assistant and handle everything themselves (incl. pick up the phone), stay away.If they don't get back to you the same business day, be careful.

If someone looked at it 2 years ago and it's stayed on the market, see how motivated they really are to sell it.  

So if they don't exercise the option then I may need to put in a couple thousand dollars to do some repairs and such and it may stay vacant for a month or two, but then when I  put in another person that wants to purchase the house I collect another option fee of $3900 upwards of $10,000 depending on the property.

I love the area and miss having a place to stay when I visit, but I don't want to make a poor investment based on nostalgia and wishful thinking.

I've always heard/been told to stay clear of homes with pools for rental properties.