Everything has been going smoothly with the process until I just saw that the appraisal came back BELOW our purchase price!

I have had an investor jump into a down-sliding condo community and is now on the HOA board to help bring it back up.

I have bought hundreds of thousands in notes from them and to date the transactions have been very smooth.

If you don't have a smooth experience with managing your properties, it can become a burden very fast which will stop you from buying more than 1 property in a different state. 

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.

The plan is 17 slides long, so I uploaded it on Slideshare, since it wouldn't fit in this post.I also decided to move to Florida for at least the rest of the year, so I'll be relaunching the campaign in the Jacksonville market.

The partnership may be smoothing this over. 

You could bill back the tenants once you get the bills and split them down the middle or on a sliding curve if one tenant is a 1 person household vs a 4 person household in the other unit.RUBS ratio utility billing system.You could also pay to get the electric/water separately metered however that comes at an expense.

Things don't always go smoothly.

My worry is, the seller isn't great with money (hence the foreclosure) and I'm slightly worried she may go in and try and withdraw from the HELOC if it's still in her name.But on the flip side I can slide into this deal with only $10k to get the current mortgage up to speed.