I'd really appreciate any advice, connections, or recommendations for a local agent.

Would love to connect with investors, lenders, agents, and property managers from the Faribanks/North Pole areas if you're here!

I've used them and they save a lot of confusion later.Deed Filing: Ensure the deed is properly filed with the county where the property is located.

Don't use it as a piggy bank, keep separate books and records, keep a proper accounting for credit card charges /etc, try not to collect rental payments on behalf...it goes on.b) All three will be subject to income taxes in your resident state. 

In the future, conduct more thorough screening and educate your tenants on proper communication practices.

Hello everyone,   Having recently moved here from Memphis, TN, I've been immersing myself in understanding the local market dynamics and am eager to connect with all of you.I'm particularly interested in discussing is the varying levels of rehab quality we see across different neighborhoods.

Which I have done. it. all.To top that all off, the insurance company made me put a new roof on both structures (I think the roof had a bit of life left in it, but ok) - another $11k - and the main house needs around $6k worth of electrical that the previous owner didn't do properly ("fully remodeled" my ***).

I am risk averse and if I were to purchase, I would tear down to the studs and do a full rehab {this would include getting rid of asbestos shingles and insulation).1) I have done a ton of research and it appears as if getting rid of asbestos is very DIY able assuming you spend money on the safety equipment and use it properly. 

Proper due diligence is what often separates the aspiring real estate investors who crash and burn on their first deal, and those who build a successful portfolio.

The problem is that the house is vacant for the first time is years because it wasn’t listed properly by the owner that inherited it.