Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by @David GreeneAlthough this book is titled 'Long-Distance Real Estate Investing', the strategies and systems David Greene explains in this book can and should be used by any new real estate investor, regardless of if they plan on investing local or out of state.Like Brandon Turner, David Greene contributes a massive amount of incredible content to BP and is the current co-host of the BP podcast.David's book is one of the most detailed and well-thought out real estate investing books I have read.

So a consumer can have it delivered to the store for a specialty item without worrying when UPS,FEDEX, postal mail comes and whether the item gets stolen and instead pick up the other item as the store while they cross shop.

My wife and I are beginner investors in the Bowling Green Kentucky area. 

Growing up in south Jersey (sicklerville) I know what it’s like to bleed green and white so no harm haha. 

Same constraints (living Bay Area) and criteria: https://www.biggerpockets.com/forums/52/topics/621...I would also rec reading David Greene's book to get an overview on how this works: https://www.amazon.com/Long-Distance-Real-Estate-I...

We have been building there for 5 years now and its pretty cool... we have enough lots bought to build 13 new homes from now to next summer.. so lets all keep our fingers crossed that the market favors us who take massive risk in spec construction.WE built one in the historic district 7 New st.. and from what I could find we had the only New construction in the super high end historic district.. we sold that off market for cash for far more than we dreamed.. so that was a good one for us. but scarcity and world class city.. if someone wants something there they will pay for it..  

They might require the lessors to use their PM and cleaning services but I'm not sure.Good approach for some without the high equity commitment but it's funny that the same city that banned any further NOO STR residential permits (you can do them on commercially zoned lots), totally green-lighted this huge project.  

I’d rather buy a house for 50 grand and make 800-1000 a month in rent equating to 300$ Positive cash flow per month in my pocket and have the tenant pay it off free and clear for me regardless of the economy ...then to spend 300-400 grand on the same size house in a hot market , have negative cash flow each and cross my fingers it’s still worth 400 grand or able to be renting when the economy is in a crisis.

He got mad and cross posted on every local rummage and housing site.

BTW - once ownership crosses the one year mark it becomes a capital gain vs ordinary income