We run in to this pretty frequently as we take new homes under management from other PM's or DIY landlords.

@Brandon RobertsIf you're looking for residential (1-4 units) out of state, you're 2 biggest options are:1 - Turnkey2 - DIY BRRRRTurnkeys are much more straightforward than BRRRR.

I would slowly DIY renovate the side you are living in while you are there.

If you are looking for a completely passive venture, I'd suggest more modest choices.  

I'm looking at a property where I think it would make financial sense since I could somehow house hack it if the number's make sense and there would be no cash flow (or maybe there would be) and I would skip on paying rent and starting my venture in the RE investor world.4-plex for 750k  (All costs per monthly basis)Mortage $3,402PMI $451Taxes $781Home Owner Insurance $150Utilities $150Maintenance and Misc $200Income from Rent $4,425Total $709 /month Now my question is, I'm planning on living with my girlfriend and splitting the remaining $709 by two, and we are trying to get a conventional loan with 5% down (that is how I calculated my costs) which brings me to the grand total of $355 per month for an asset in Southern California, what do you guys think?

I'm looking at a property where I think it would make financial sense since I could somehow house hack it if the number's make sense and there would be no cash flow (or maybe there would be) and I would skip on paying rent and starting my venture in the RE investor world.4-plex for 750k (All costs per monthly basis)Mortage $3,402PMI $451Taxes $781Home Owner Insurance $150Utilities $150Maintenance and Misc $200Income from Rent $4,425Total $709 /month Now my question is, I'm planning on living with my girlfriend and splitting the remaining $709 by two, and we are trying to get a conventional loan with 5% down (that is how I calculated my costs) which brings me to the grand total of $355 per month for an asset in Southern California, what do you guys think?

Below are my numbers and a link to my budget sheet on the DIY flip that I just sold here in Denver, I hope this is helpful! 

I invested $15K on a mentoring program last year, including one on one coaching, a wholesale rei master class and a week to work with the pros to see how they operate. I received the one on one coaching and access to...

Wasnt going to become a joint venture until we move into LLC.Thoughts?

I've recently started the venture of real estate where I'm looking to buy a multi-family property to avoid paying a $1,350 monthly rent I've been paying for 1 year.