I am anxious to get started on my search to make sure I get good tenants ASAP, but I also recognize that any number of things could go wrong between now and settlement, so I don’t want to jump the gun and promise a house to 3 people only to have something fall through!

I recognize the downside is my buyer defaults and I have to take the property back, but I am completely ok with this.  

While my football career has given me financial and marketing advantages, I recognize that true success in real estate requires knowledge, experience, and a supportive network.That's where I need your help, fellow Bigger Pockets members.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

You should be able to rely on others, but you should be able to recognize the difference between when the transaction is going off the rails v. when it is experiencing a systemic correction affecting all assets in the same class.Finally, let me re-emphasize: you do not need to be the expert. 

The residents recognize his hard work and have often given him the chance to purchase properties before the are listed on the market. 

However, I would also recognize the value they've added to the property and my appreciation of them as good tenants (assuming they are). 

I agree on a lot of that with you Jim, this city has welcomed me with open arms and I’ve grown mature enough in my mindset to recognize the opportunity for DIY small operations. 

In essence, a debt-financed distribution to a partnership QOF investor within two years of the investor’s qualifying contribution to the QOF will cause the QOF investor to recognize all or part of its deferred gain.

If your considering investing out of state, the most important part as you already recognized is having a solid team locally; particularly a property manager.