You collect it on behalf of your "clients", so you should follow whatever fiduciary rules are necessary in your state for that. 

I am in WA state, nothing low cost here.

As a first time investor in a brand new state and city, we aren’t totally aware of certain laws but definitely want to do what makes the most financial sense as well as ethically sound decision.  

A lot tell me that not possible since two states. 

There are so many so be sure to filter by your location. 4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!)

A seller down in the Gallatin Valley these days wouldn't really offer seller financing, unless the lot was hard to sell, as people from out of state are just buying up everything with cash right now.

After some research and thinking, I have come to the conclusion the best starting point for me to buy my first out-of-state property is going to be in West Virginia. with a low price point to start with I think I can learn a lot and make some mistakes on the way. 

Hopefully after some hands on experience, then consider out of state investments if it matches our goals.

This has the potential to be passed later this year.For additional questions, checkout this article on Cost Segregation FAQs.Have you had a cost segregation study performed on your single family home?

I used Breezeway but it bugged a lot so I switched to Turno and it's all smooth sailing from now on.I agree with the earlier post stating there's a learning curve to all software but it's worth it.