.), security cameras, track remote employees (they will steal the cash), cost to install pumps, license fees, hard equipment needed- registers, apps to run the register information, accounting, legal, cases for merchandise, shelves, door hardware, heater or HVAC depending on location...This is a tiny community there won't be a local plumber and electrician... add some cost for time to contact your team and travel will make any repairs more expensive.

Hey @Cory Ray, Given we are accountants, we cannot promote our services on BP as its against the rules.

You should talk to a lender like Account ClosedYou can count the other side towards your DTI

Quote from Account Closed: Quote from @Joey Consos: Does anyone know of a direct mail list provider that can filter by lot coverage?

For you, as the seller continuing to hold the paper with an investor involved, dips a toe into the realm of making it a security.Additionally, when I purchase wraps, I instruct the title company to pay off the underlying note at closing.

Now I feel a little frantic trying to find the right insurance,  get our LLC set up, bank accounts,  etc.

We had a new build that required a fire suppression system.Every year the fire marshal comes out to inspect the system and fire extinguishers.Last year they told us to put up a street number sign because the original was too obscure to see for the firetrucks.Everyone involved was super nice and easy to work with.Maybe the county is just going through growing pains and trying to figure it out.

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

Keep involving yourself in the real estate industry and stay active on the BiggerPockets forums.

Curious how you handle the accounting side as well in terms how what the client gets.