Self-managing from out of state has been doable, but the challenges have added up, and I’ve realized I’ve missed things that could have been avoided with closer oversight.If you’re just starting and don’t already have a strong local network, I’d advise against self-management from out of state.

Additional escrow may be added for security for the seller.

I was drawn to the accessibility of their projects without needing to be a FUND, along with the extra benefits that come from their large-scale output.As an investor, my priorities are finding good deals, investing in landlord-friendly markets, and transitioning to new construction properties.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

My understanding is profit from lending is considered "taxable income" and is therefore added to your income and subject to your normal tax rate after all deductions, etc.

It would also have to be put up and taken down between each tenant and I don't know how responsive your PM will be to this extra work. 

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

I sent you an email so I could be added to your group!

It’s awesome that you want to use your downtime to learn more about the industry and make some extra income as a VA.