I have the cash to purchase it outright, but I'm looking ahead at ways to get most of my cash back out.

I hear stories how people bought out of state and relied on their agent for everything and never even visited the property, it sounds like you're just begging for someone to rip you off.

Visit your local REI groups.

I want a head start for my kids just like every parent.

I've been visiting those forums pretty frequently and some of your responses in them helped get me ready for buying my first place both by helping me know where to look for spots and breaking through the analysis paralysis

Below are the steps I used to buy my first property remotely during the pandemic without ever visiting it. 1) Build a rockstar team One of the biggest challenges facing any investor is the lack of local knowledge.

Make sure you know how to double-check any wholesalers numbers and always get prequalified for your lending steps ahead of time.  

While I'm still In early stages of REI myself, it's the excitement of the possibilities ahead that keep me engaged.

Visit with a CPA on tax/accounting consequences, especially if you have your own LLCs with different roles.  

Did you guys go ahead and get that rental?