This week I want to continue my mini series on some of the benefits and critical things you need to know if you are deciding to implement the virtual investing model.The key to having consistent success in a visual market is having the right boots on the ground in that specific market.There are two different ways that that you can have successful boots on the ground.

You need to make these allocations between rental and residence unit because the tax treatment on the sale of your rental (investment) unit will be treated differently from the sale of your residence unit. 

Also there are no mobile homes because there are not waste treatment plants to take the waste to.  

I plan on driving out there to get a better visual of the property.

not to mention you can save some money by tieing the septic all together of you are going to have to do a septic tank or treatment plant

In many counties this will have good information like zoning, lot size, some info about the house, property tax records, type of heat source, etc.When I visit a property, I like to visually check out the neighborhood, I will inspect the house myself, collect any financial information they are willing to provide, I will also talk to neighbors about the house if I see any.

But to do that you would have to have an asset in the LLC to sell and then invest it in like-kind property to get 1031 treatment and defer the taxes.  

Installment sale treatment under Section 453 allows capital gains to be deferred over the term of the note, but not depreciation recapture. 

I know this is something that I desire for a living, because i constantly visualize myself doing so.

@Larry Fried makes a good point regarding the differences in tax treatment between the two.