We built a lasting relationship with the tenants who are more than happy to help us wherever they can with the property.

But I would recommend seeing a property upfront if the source is not one that you have a relationship of trust.

- How would you advise I diligence the broker given we wouldn’t have a prior relationship?

This is a LTR.As I look at what we could have done better and preparing for the next investment, I’m curious for some input from the BP community:- When you’re investing out of state, do you build relationships with banks local to the area you live or where you are investing?

We have developed relationships over the years so people will come to us with deals before they get listed, so build good relationships as you grow your business. 

If you do not have one you have established a relationship with, I can send you two recommendations.

Often they shop the same but relationships between certain carriers and brokers are common.

Often, people get into business relationships with others just because they are close to you, they have a similar personality as you.I would however suggest you look for someone who would make the business better.Speak to an attorney regarding structure.There is normally one of two ways that more than 1 person can own real estateTenants in common or through an entity(LLC, LP, Corp, etc)

That usually takes relationships with investors prior to getting a contract on something.

I’m currently active duty military, stationed overseas in Japan while beginning this journey, so all of my relationships have been built virtually, or from previous connections.