There are many people that invest from afar. 

A big way to expedite this is to go to local meetups and attend local masterminds that will get you in front of people that are in the community you want to do deals in and partner with. 

The IRS, on the other hand, tries to argue that the business has NOT started until a later date.

I think it's kind of funny that people always talk about doing your own due diligence as I thought that was pretty assumed with any investment, but I guess there are some people who may buy blindly like they do with stocks or whatever.

Rentals create cash flow, and that's what we want as real estate investors, but you need cash on hand for unforeseen circumstances.The AC needs to be replaced, that's $7K to $10K or more depending on the size of the house and if you have one rental, it will eat all your cash flow, same to replace a roof, etc, or if tenant trash the home, you need money to fix it again.To me personally a nice rental portfolio that is healthy consists about 10 units, so if you have an issue with a house the portfolio can cover the repairs and still healthy, but when starting you need to have cash on hand just in caseYes, there are multiple strategies you can use to hack your way to buy your first rental with minimum cash, but I would start wholesaling or fix and flip a few deals to create that cash as fast as possible

And I may just have to have the cleaners change the batteries monthly.what are people's experience with other WIFI smart locks like Schlage Encode?

I just reread this post and the part about focusing on leads where they have no other options completely changed how I think about prospecting...I've been focusing on the new foreclosures because I have so much value to give...but, better to talk to the people who can use my value the most today!

Does anyone know of any institutions or people that would lend cash similarly to a line of credit or some alternate option that would help us with buying homes to move into our properties?

I'd love to connect with people in the industry.

    Hello, I just wanted to reach out to the amazing people on Bigger Pockets.