@Waylen Herdman What is your concern with obtaining a mortgage?

Both have basically the same rules as the IRS is concerned.

I've talked to a few friends who are actively in the business and I'm very intrigued and I've blazed through the ultimate beginner's guide as well. 

I don't know how competitive your market is but hopefully it isn't that competitive where you have to be concerned about raising your price $10... 

Hi i'm relatively new to BP and was wondering if someone could provide some guidance as to what steps I should take before investing out of state. Any market recommendations? Should I obtain a local lender/property ma...

Is there a discrimination concern or a procedure or exception(s) to follow in order operate as such? 

That would concern me more than how to make your $300k offer stick.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

In reference to your question I may be able to shed some light on your concern as it regards to structuring a Land Trust.

Another thing to keep in mind is that the property is in pittsfield so not a booming city such as Boston obviously which is related to why the rents and purchase price is lower.One of my concern is that it is a low cash on cash return I believe for my current situation.