Hi Michael - It dpeends on what specifically you are looking to do.

A lot of the books are good in the biggerpockets bookstore if you like to read to get more knowledge on specific topics.

@Ran Fridman it's highly likely if you talk to a tax professional that they will advise against a cash-out refinance before you sell your property for an exchange.

But investing outside of your state has its own set of difficulties as well, such managing remotely and not being familiar with the specifics of the local market.Make a Plan for Property Management: If you decide to invest in rental properties, decide if you'll handle them yourself or by working with a management company.

While the general principles regarding LLC ownership, asset protection, and taxation may apply universally, specific legal requirements, regulations, and tax implications can differ from state to state.Good luck!

Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks

You need to be in real estate doing deals for about 5 years before I would feel comfortable advising someone.  

Agreed I think if there is specifics of a guru program to discuss then thats OK good or bad..

I think a more ambitious strategy would be to "flood the zone with value" - specifically, pick a few listings in the geography you are interested in that are being mismanaged and propose your plan to that owner just as an ice breaker.

I think looking to get face-time with someone who is experienced in this specific situation and market status would be really helpful to answer some internal questions and provide guidance and external motivation to make a decision and get moving.