Hi.    I finally took the "Realestate Leap" 8 months ago after many reads and lingering in the shadows.   I've wholesaled 4 properties to my inner circle since now and then and it worked out well.      So,  I have a b...

Sung to the tune of "Killing Me Softly"Pushing the turds with my broomstick,Spilling the bleach on my pants,Throwing my shoes in the garbage,But they're paying my mortgage, my mortgage,Paying the whole thing, my mortgage, 'till it's gone...It's been a short 12 hours,Since I sat at the bar,Explaining to my friends howMy rentals will take me far,A distant memory as theClock rounds 12 and I'm still singing,Pushing the turds with my broomstick,Spilling the bleach on my pants,Throwing my shoes in the garbage,But they're paying my mortgage, my mortgage,Paying the whole thing, my mortgage, 'till it's gone...It's true, the first of each month,I'm cashing checks at the bank,It's true, from time to time thatThe money's gonna stank.I'd say this night is reallyPutting the "a**" in passive income,Pushing the turds with my broomstick,Spilling the bleach on my pants,Throwing my shoes in the garbage,But they're paying my mortgage, my mortgage,Paying the whole thing, my mortgage, 'till it's gone...

That’s in the distant future lol 

My target property is in a residential area with single family and duplexes primarily owner occupied and not in a flood zone.So if I were to buy at $250,000 and put $50,000 CAPex into the property, my NOI would be $40,368 and my cash flow would be $19,000/ year.One other consideration is that my preferred property management, which is local to the area, now only handles 50+ unit properties and the only other property managers are from 45 min to an hour distant to the property.The seller did not counter my previous offer, I would like some owner financing of 10-15%.

I will most likely invest in distant lower taxed areas at a later date.

How about enrolling in one of the many California Community Colleges and take advantage of their distant learning (online) real estate program?

What smaller cities do you think have a chance to becoming a decent area for STR in the not so distant future? 

I'll be joining the long-distance game in the not too distant future as well!

If they seem distant and just listening then I would keep things simple and ask them if they need anything explained further.

@Matthew KochMaybe the deals are moving so fast and easily in Idaho that there is no reason to post to BP in search for out of state or distant individuals.