An LOC gives you more flexibility to find your new property without the time constraints of a 1031.3.

Its within walking distance of the local University.

Next time I'm in the area, we'll have to grab some socially distanced coffee!

I hope to enjoy this casual and relaxed hangout on a pretty morning at the park with many of you at a socially distanced 6 ft apart and with masks.Feel free to reply to this thread or private message me if you are interested in joining!

I recently started long distance investing in the KCMO area.

I’ve got all of my kids at home doing school with distance learning and as we are adding more cabins (hoping to be to 5 by next spring) it’s just getting a bit harder to manage.

I guess I am thinking about the problems of being a long distance landlord but I should get a property manager and I'll be more confident about that down the road.

Some of the majors include: roof, 3 porches that are not sound (2 are two-level), power supply line to the house from the utility company is within grabbing distance to one of the 2nd floor porches, detached garage needs to be torn down, chimney needs to be lined and pointed, the chimney people said the capacity of the liner wouldn’t support the boilers and hot water tanks....now we’re talking about possibly replacing the water tanks with high efficiency direct vent, cracked and cobbed cast iron sewage, leaking vent stack, improperly supported/failing support structures in basement, asbestos wrapped pipes, etc.

@Maria Merkulova given the recent COVID-19 concerns about social distancing, we have avoided hotel/bed and breakfast purchases this year and opted to buy large single homes with land and ‘pimped’ our amenities to make it fun enough to stay on site (eg home theatre, game rooms, pool, spa, etc.).

I'm not currently investing in this area but will be doing long distance rentals.