Out-of-state investing makes the most sense for me—it’s impossible to cash flow anywhere near me, and moving wouldn’t make sense because I wouldn’t be able to earn the same wages or find the same kind of jobs.Before this purchase, I already owned two properties: a long-term rental outside Houston, Texas, and a short-term rental in the Sierras in California.

It’s about the relationships you form.

Quote from @Sami Gren: I start by making the original tenant fill out a form requesting to add a new renter, and they pay me a $50 processing fee (I charge a $50 fee any time I make changes to an existing lease). 

I will continue to provide all information received form the seller. which it has been NONE lately. 

Would it be possible for me to qualify for an FHA loan as an 18 year old with no credit history (well I will have a little after i get a credit card). 

Quote from @Taylor Dasch: For me, the most success that I have had as far as getting a conversation with the actual owner is D4D and then knocking on the door.

So that time element is important for me to consider. 

The losses would have spiraled out of control for me had I not been able to sell my second house immediately.I don't look back on my experience with any regrets since I know the risks we take playing this game. 

I have searched and filled out endless online forms only to have lenders offer me unsecured loans or other products, but not a heloc.  

And I would say that that is how it has been for me over the past year with my Airbnb's in Costa Rica.