It increases the risk with you not being closer to the investment and the risk may not be worth the additional return when comparing to nearby Investments

Check out the nearby members and network at https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

2 ideas 1) Ask existing employees to apply for a management position for slight raise or additional paid hours/overtime. 2) Is there a college or technical school near by?

You’ll “overpay” for Lakewood as compared to nearby areas but that’s to be expected for such a hot area just be careful not to step on a land mine.

I have preferred partners in Sacramento and other near by counties.

I think your postings (mostly the photos) make your units look very nice and fun but could indicated things to do nearby.  

I have tentatively started communication with a realtor, CPA, and a few lenders, but I have definitely not taken a jump into the deep end yet.My primary interest is BRRRR investing and I have been researching and analyzing deals from the MLS using nearby recent sales found on the county assessor's site.

This way less is put down and you stockpile cash for the next downturn.The thinking is that when economic down cycle happens more deals might be available but lenders and banks will also tighten up LTV's and want more down to do a deal.

My question is this: I am going to be the local go-to person for a host who has 4 units nearby us in NY but who lives out of state.

Check out the nearby members and network at https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.Hopefully we can help each other out in the future.