A virtual firm will use a lot of tech to facilitate the relationship.

.), Peter Thiel (Palantir, Founders Fund; Palantir valuation: $45B), Reid Hoffman (LinkedIn, acquired by Microsoft for $26.2B), Max Levchin (Affirm, valuation: ~$5B), and others like David Sacks (Yammer, acquired by Microsoft for $1.2B) and Steve Chen/Chad Hurley/Jawed Karim (YouTube, acquired by Google for $1.65B), who collectively shaped the tech industry through groundbreaking venturesHigh performers who push one another, often go farther than solo business owners.

Quote from @Jay Pragasam: we have too many newbie Lp investor also that think just because they are rich from tech they can blindly invest as LP somewhere without due Dilegence….

Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

That said, I wanted to share my story about how I found an out-of-state property, got it rented, and set it on autopilot.BackgroundI’m in my late 20s, living in a very high cost of living city and working in tech.

I would also try to minimize expenses through decreasing cleaning costs, installing smart tech like a thermostat to control utility costs, etc.5.

@Rishika Garimella I am a local home inspector and investor in the area. i think Austin is a sleeping giant right now. the rates are really scaring away buyers. but since competition is so low right now, its a great time to snag some property while its not being ripped apart by investors. i think the hutto manor area is a great choice, once that freeway opens up that connects taylor to round rock, it will definitely become a point of interest.

The tenant could say "my window doesn't lock" instead of calling or troubleshoot or sending an in house tech they will send an expensive GC who charges $200 an hour to check it out and then charge you for their time. 

This has been true about every technological change in the industry - those who fail or refuse to adapt lose while those who embrace new tech win.

Add AC and you need a good HVAC tech...if they come from the next town, again their availability may be limited and they may charge trip charges.Do you know this town well?