It's not really that complicated to buy out of state.

It's a complicated structure which only makes sense in larger transactions, from my perspective.

@Christopher SmithSeveral people will suggest complicated ideas, well I like to keep it simple.

They are not that complicated...just long.

It's not really that complicated to buy out of state.

Condos are also complicated because you then need to find out if there are rental restrictions in place because they could prevent you from renting at all or other restrictions.

Given that they were the former owner it could be even more complicated than your simple non payment of rent eviction so bring in the big guns.P.S. 

RE investing is less complicated than the Guru's make it out to be. 

I would say get familiar with all the documents that you have to provide cause if you wanna go down that road and be an investor( even passive...) it's good be documented and be on top of everything. 4 plex it's still a residential loan, the docs are pretty easy but complicated at the same time for someone who's doing this for the first time.They gonna ask you to provide ALL the financials...and I mean ALL!!

The rate is higher - about 7% - but still 30 years fixed...it's great for those who are self-employed, have complicated finances, or simply don't want to hand over their financials.