Embrace your vulnerabilities and step outside your comfort zone.

Going one step further I have identified a few towns on LI that I want to target. 

Step one is get financing approval, if you can't get it then you don't need to waste your time with approaching the owner. 

@Geoff Garber yes, it's a "thing", but be sure you get good legal advice before stepping in. 

when you purchase you can make it yours..... you can do updates.. change paint colors.. but, with a rental, you have to accept it and be able to live with it until the next step. 

One of the most concerning factors is the question of how you can protect yourself from lawsuits stemming from properties you may never step foot on. 

I often break it down into the "five pillars" of protecting your assets.The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.The second pillar is a good insurance policy as that cover the majority of your exposure.

One of the most concerning factors is the question of how you can protect yourself from lawsuits stemming from properties you may never step foot on.

Said it made it soft to step on.Strange, or something that people prefer?

Hello BP Family,After researching, analyzing many deals, networking, and understanding potential markets around me, I’m finally taking a few steps forward.