What are somethings i need to be prepared for when doing this long distance?

Are you prepared to do a short sale?

This is in preparation for our next Dealmaking Symposium so I will have to get his permission to do so, but I think he'll give it to me.

That's not to say that there isn't money to be made in my area, you've got to be real creative!

That should prepare you for negotiating with the seller.

I am always interested in business ventures and real estate has especially peaked my interest.I began looking into real estate investing to prepare myself for my first home purchase and soon found it to be very intriguing and now view it at minimum as a major investing avenue and likely a soon to be business.

My point here is that we are flexible and determined to do whatever makes the most sense.Help me: Strategically figure out how to leverage, say $40k into our first few properties - I am familiar with tons of creative financing options but I'm interested specifically in conventional financing using our good credit to get started.

I know this is a vague, open-ended question, but I'm hoping it will spawn some legit & creative ideas from those who've encountered similar situations.

I know the BP community has the most creative and astute legal, tax, and accounting professionals in the world ;) I appreciate your expertise!

It also makes the process easier.Your very first consideration should be to become very knowledgeable and prepared.