Diversifying your portfolio can protect you in the event that 1 or 2 markets you invest in are losing cashflow or even worse - failing.My theory is to keep your money invested as long as you can and don't take that cash flow for profit.

If you were renting it short-term and had different guests coming and going every few days, then long-term renters may be concerned.

DST's have low returns like 5% and lots of fees, but other syndications like mortgage notes can earn up to 12% out of the gate with no record of failure, thus potentially offsetting that initial tax hit in the long run, but you have to do the math. 

as mentioned probate attorney but realize this process is going to be long and tedius. the brother would need to open probate and then any and all heirs besides him would have to get notified etc.

Complete a rental verification, but it should not be from any family member or an individual, request there last apartment, or property management company as a rental verification.

Many wholesalers fail to understand the long-term value of maintaining strong relationships with buyers.

What are some of the exit strategies to transition to long term loan? 

I'm not in PA but if you're investing out of state, you should definitely check out David Greene's book on the topic: https://www.amazon.com/Long-Distance-Real-Estate-Investing-S...

Newbie here looking to get into the long-term rental game.

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.