We agreed to use his funds while I use my team (already local) to manage the rehabs and the re-selling of the properties we purchase..If you're experienced in this area, please give me some solid advice on how to go about this, I want to move now!!

I also responsible for building a teams.

Biggest take-away here is that who you have on your team makes a huge impact on your success.

@Michael Wilson you should be able to really lean on your team during this process.

@Solomon F.What makes them “qualified” for your team ?

My team and I read the MFRMLS market reports every few months (and we all have our own theories or hypotheses).

Look up Shelby Osborne's real estate team.

If you are going to invest out of state, you need to really do you due diligence, both on the property and the team.

If you put the right team in place that you can trust, it really isn't too hard.

We have a good cleaning team and handyman if needed.It isn't that hard really, but remember, your usage must be 14 days per year or less if you want to take advantage of all the deduction of expenses for running a vacation rental home.As far as loans go, we just applied for a 2nd home loan and that was that.