Brandon's rental property book is really good, definitely an eye-opener for me about the potential of investing in rentals.

One of my friends thinks the set up will seriously limit the pool of potential renters and the amount of rent I can get. 

that's a gift to the City.in WA state the purchase prices are higher, but so are the potential ARVs.go watch every single one of Tarl Yarber's YouTube videos on flipping and BRRRRing in WA and then come back here with questions.good luck

This shows the city's expanding potential for both investment and homeownership.Jacksonville, being a strong market for investors, allowed investors to pay $330,000 on average for single-family rental properties, which is, according to studies, less than the national average.

Your network is the most important piece for any potential returns when you invest out of state.  

Join investment clubs, go to local real estate events, and use internet resources to make connections with other members of the SLC real estate market.Market Research: To find communities and property types with potential for value-adding possibilities, do in-depth market research.

Before the Karens potentially in this thread get self righteous I am not providing legal advice and @Adam M should retain proper legal counsel to prepare all documents associated with this syndication including compliance with SEC regs. 

I am shoppping the property to potential buyers.

If you already have a home then there's definitely potential for you to start growing a portfolio.

If the sister is a beneficiary and now the executrix, it could potentially make the process easier but I'd need more info to be of any additional help.