It is crazy how similar my process has gone.

Curry County has it's own process, similar to Coos County that is mainly focused around waste systems and water sources.

I use a loan servicer who processes the borrowers payment and then sends to me.

Quote from @Nick Am: I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

If you have an issue with that, or are long distance, hiring a property manager is a must.

Howdy,I haven't decided if we are gonna manage the property or hire a local area property manager yet.

@Karin RecaldeWhere are you in the process now?

Another "perfect storm of uncontrollable events".With both failed deals they are pointing blame on poor performance from the companies they hired to manage the property and to do the renovations, which raises a few questions:1) how can/should LPs perform due diligence on these to be hired companies?