It can help build some incredible relationships and really learn some great tips from the pros!

Do you need cash flow to build more capital for the next property?

Beyond the lessons from the projects themselves, building a business that’s efficient, diversified, and focused on the luxury market has been a game-changer.

You'll find the most success in a place you are familiar with and where you can build a solid team.

As I look into the market and start to build a team I had a few questions:1)  How difficult is it to get and keep a rental license OOS?

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

I'm not sure why not - one of the great parts about real estate investing is that you can build a team around you for aspects you aren't as strong at or simply want to delegate to someone/expert and do the others yourself - look up "Core 4" for example - where you can have an agent, lender, manager, contractor all at once for your investments and can theoretically just let them do all the interactive work

If you like stocks and don't have a lot of interest in building a portfolio in MN there's no point in keeping.

The only rentals I'll consider is if I can do a build to rent.

I completely agree that personal interaction can go a long way in building rapport with guests, especially when you're trying to create a memorable experience.