@Joey Gedgaud we take over a lot of properties where owner complains previous PMC:1) Poor communication, taking many days, sometimes weeks, to get a response.2) Maintenance work being done without notice or approval request.3) Surprises for extra fees, services not covered , etc. because the management contract was "simple & short" instead of thorough.

Additionally, any tips for out-of-state investors would be invaluable.Thank you in advance for your help!

Looks like Monday is a great to post on biggerpockets...so many responses already! 

😜)Sometimes the money I bring may be enough to buy the whole place, sometimes it will be the deposit, but in either situation it makes it real.Second issue, Fear.The biggest fear I always encounter is the fear that the debt owed against the estate will somehow attach to him/her personally.I find articles from attorneys that most closely meet their situation and while explaining to them that, “unless they personally signed for the debt, they will never personally responsible for the debt.”

My mom’s husband was a good-ol-boy who would give anyone a deal and the shirt off his own back.

In NYC transactions, property taxes are pro-rated and sellers + buyers pay for the portion they're responsible for (depending on the calendar schedule of the county + closing date).

- Investing with a Friend: Tips on structuring partnership and legal/financial considerations?

You’re on the right track. remember the tax man is going to get his.

Thank you for the responses.

The tenants downstairs from them dont raise a stink as the boyfriend doesnt have his green card so they're not going to anything to rock the boat.