I hope you didn't knock down any walls, do any physical work on the property, act as the general contractor, or manage the property yourself, as any of those could blow up your IRA per IRS regulations.

I steer clear of violent and physical offenses, but an old white collar crime does not register much on my radar.

How do have any ideas on buying and renting homes in another state or me not physically being there.

Hi everyone,I am looking to start purchasing houses to rent in the near future and, currently, I am considering purchasing in Louisville, KY and wanted some feedback on the type of property to invest in.I was wondering what people experiences have been with starting in real estate investing by purchasing cheaper older houses expecting a higher turnover rate vs. spending a bit more and trying to find longer term tenants .I have thought of pros and cons of both but I am considering starting out with cheaper houses and eventually, after having several units, purchasing more expensive units to try to get more long term tenants.cheaper houses higher volume  pros:1) allow me to pay off the property sooner2) allow me to purchase more units faster3) Easier to afford if unit goes un-rentedcons1) higher maintenance costs due to age of house2) higher turnover rate for tenants due to proximity to college campus3) depending on property manager, turnover rate could drive up the cost of managementmore expensive, lower volume pros1) lower maintenance costs2) possibility of lower turnover if long term tenants are found3) nicer houses allowing higher rentcons1) would take longer to save up to purchase2) possibly more straining to pay mortgage if unit goes un-rented3) possibly lower profit margin due to higher mortgage payment I know there are many more pros and cons for both but those are the top 3 of each for me.

Too often people choose to buy in their own area just because it is physically close despite the (lack of) return.

At that date if they were still there the Sheriff would physically remove them and I had to be there to secure the home.  

How would you be able to find the right contractors and the right property managers even if you have never physically seen the place? 

It is important for your witness to physically be present at the trial if you served or had any interaction or altercation with the tenant.The most important thing I find is that all of the paperwork has to be accurate and served properly. 

Is there a different route to take for cases like these, or do I just do a search for the property via the physical address? 

LA county is a bit of an odd bird for a county as it kind of seems that its cultural centers and economic centers aren't physically aligned in the same way as they are in higher density locations like San Francisco.