Maybe there is some overlap or specific skill set you have that would roll over to real estate investing nicely!

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Hi BP community,I recently had my mind set on investing in Fort Wayne, Indiana from out of state.

I'm not going the turn key route so I would be responsible for the following GC work; Site work, foundation install, furnace/boilers install, water tank, septic, connect plumbing, install panel boxes (panel boxes provided by modular company) and connect power, interior flooring, appliances, complete the siding/roof (15%) as it is delivered 85% complete, landscaping, front porch, final coat of paint inside (comes primed), 2x stair sets to the basement.My question, do you think the $94 a square foot is high? 

Hire a tax professional to help set everything up. 

Congrats on setting your goal to purchase your first real estate investment this year!

Here are some harsh truths for you all.The problem with people having problems with how to wholesale is that they have no clue what their problem is.They all ask questions about how to find cash buyers, how to do cold calling, how to do DMM, how to wholesale on the friggin MLS.The one simple reason so many have problems wholesaling successfully,  is because they don't understand that when it comes to wholesaling and anything REI, it is all about lead generation.Lead generation is not about targeting motivated sellers.

What goals have you set for yourself?

Each option has its own set of pros and cons, and I'm hoping to gather opinions and advice that could help me make a more informed decision.

The requirement after getting the license or we set it up on management is easy...Pay the taxes and renew the license every year.