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Purchase price: $245,000 This is a killer duplex I found for my out-of-state investor buyer client.

Far too often we see investors buy properties out of state believing an agent, property manager or wholesaler they it’s a good buy.

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I was moving forward with them but was just informed i need to sign CA form D-1 which states "the insurer does not patriciate in any of the insurance guarantee funds created by California Law, therefore these funds will not pay your claims or protect your assets if the insurer becomes insolvent" .Seems kind of risky but does anyone have any thoughts on this?

The owner provided you the leases as youve stated.

Also in this day an age I am thinking this can be done remotely buying and holding property in other states.

I sold a building to an out of state investor about a year and a half ago and they put it under the largest remaining property management company.

This strategy will also give you a far greater appreciation of traveling in off peak seasons, which as others have stated, is the only time you’re traveling to your vacation homes for “free.”

However, this would increase my costs by about $4,000 a month (about 3K would be spent on skip tracing).I'm also exploring the idea of wholesaling in other states instead of in Northern Virginia and south part of Maryland.