Enjoy your trip to Australia.

They can be canceled by the tenant at any point as well.Money Orders/Cashiers Check: These are considered safer than personal checks because you need to use verified funds to purchase them, however, although it's harder they can still be canceled before you deposit them and they are a burden for the tenant to get and for you to electronically deposit through most bank apps, which means you have to take a trip to the bank.

No more trips to a PO box or waiting a week for online payments to clear.

Proximity to the lake, an easy trip downtown and the potential tie in to E 185th district are all positives for the area.

First priority is to get rent without any repeated action required by you (no going to the mail box and wondering if rent is there or worse going by the property to pickup rent and wondering if the tenant will be there to pay). 2nd priority is to get rent without any repeated action required by tenant (money leaves the tenant's bank account automatically each month - no trips to the bank, no dropping the check in the mail, no remembering to log on and click send).

They want to purchase the property and use it for daily field trips for the special ed classes for independent living skills.

I love not having to ask "the boss" if I can take a vacation or go on a school field trip with my kids.   

I would spend 6 hours per weekday (75%) of the trip to meet real estate agent and check out houses there.According to this tax planning strategy, I believe I will have rental loss (if I did bought the house and hire a property manager to manage that place) because I think the cost of airfare and hotel (land exploration expense), utilities (USA internet for research), and meals will be greater than the profit from the rental real estate investment that I bought.

Me and my buyer go running down the front porch stairs literally tripping over one-another as the water heater goes flying out the front door in-between us, breaks through the wood fence, and lands on the sidewalk. 

Many rules apply here and it is easy to get tripped up, so be sure you hire an attorney to draft your papers who understands syndications.You will need a lawyer to paper the deal with investors in either case.