Is it possible to succeed, of course, but most fail because they really don't know what they are doing.In the past, got deals prior to MLS which allowed me the best opportunity to wholesaler today, that is no longer possible unless you direct mail advertise to motivated home sellers.

Hello all. I am new to the real estate investing community. I have a tract of land in Eastern NC that I own outright an am looking and different ways to maximize profit while maintaining the land. My current ideas tha...

Of course as a realtor you can look at the real data.

That is the goal, of course.

I don't put much merit in the vest because people can purchase these online and put them on any dog.Since this will be for my STR I'll never see the tenants and their animals before they've accessed the property though.

Of course you should vet the potential GP to make sure they have the wherewithal and bandwidth to execute the project correctly and in the most timely manner as possible.

For example: If I bought a house for $200K, and the quote to construct the very same house in the same location is $300K, then the value of improvements should be considerably high ($200K) and the value of the land be considered negligible (closer to 0).Of course this helps depreciate more improvements in the life of the property, but I would like to hear your thoughts on whether this logic would hold up with IRS in the event of an audit.What do you think?

Any tips would be great! 

I'm deep in the education phase right now.So many layers so to speak in this,but I love it.Would you mind sharing some tips on "tenant proofing".Those could be valuable gems of information.Congrats on ypur success as well!

I am managing the triplex remotely and have come to bigger pockets to look for tips and tricks.What have been the main challenges that anyone else who manages long-term rentals remotely have come across?