I do not want to get "Torched" financially for a first time investor, OOS.I want to do things right starting out of the gate, I don't want to be that one who posts "Here's my experience in getting burned in investing OOS for the first time".

So they tend to try and do everything themselves.As they get further along they tend to learn you get further by doing what you do best and delegating other activities. it is actually usually more freeing to delegate and give up some control then try to do everything yourself as you tend to burn out faster.I have learned things I am okay to good at others are EXCELLENT at.

I saw many brokerages get cocky last upside and grew too much and then burned through cash waiting for the cycle to turn around quickly and they evaporated most of their profits before scaling back or pulling the plug.With Trumps tax policy nobody knows for sure but everything I have read points to a strong top cycle extension for the next 2 to 2.5 years before the natural cycle down turns happens.

And then a nightmare tenant situation comes along and burns up all of your "savings" in 2 or 3 weeks of calls/complaints/issues.

I've seen some long distance investors get burned out here, but for the people that actually know the local market or have a good set of boots on the ground, there are a lot of opportunities.

@Monique Burns, Depends on what & where.

@Sunny Burns Typically I stand in a corner and face the door thus showing the entrance, windows, and closet for a bedroom just as you did in your third picture but without the fish eye lens. 

It's so hot it would burn the 1003.

With a hand in every pot, you just might get burned

Outside of those generalities, where I think investors get burned is that they don't really understand the neighborhood and tell themselves that an area that's really a "C" is a "B-".