Hadn't thought of insurance rates, was just thinking in terms of valuing the purchase price.

So I think I would hold it, especially since after paying all the selling fees you'd have nothing anyways in terms of profit.

It's a little more money up front, but think of it in terms of your education.

@Minna Nah @Dmitriy FomichenkoI do however really like the benefits a QRP/Solo 401K offers in terms of allowing you to fund your real estate purchases, as long as you aren't using them for personal gain (rentals that you never lived in or used on vacations).

I am curious what other out-of-state investors have done in terms of setting up bank accounts to receive tenant payments?

In terms of location, I'm open to investing anywhere as long as its a good investment.

Of all the times I've heard this I've noticed it's never really talked about in terms of specifics.On one end of the spectrum Josh Dorkin made this site because he was supposedly burned on some of his first real estate deals because of lack of knowledge, on the other end of the spectrum I hear the term "analysis paralysis" a lot.We all grew up taking tests in school to determine what we "really" know about a subject.

In terms of headache and costs, how does it compare to, say, evicting a non-paying tenant?

So far, smooth sailing particularly in terms of the amount of information flow and direct access to both the deals' managers and websites' executives.There can be a modest effort before the investment closes to sign papers certifying accredited investor status, and arrange a wire.Feel free to write me if you're also getting involved.One investment in a mall just closed and funded as planned.

If you don't mind, just email me at [email protected], in regards to the SAFE Act, I don't think anybody knows exactly what will happen in terms of consequences for breaking the act or how to be SAFE compliant for the small investor.Keep in mind that there is always going to be a market for selling property on terms, especially mobile homes, but the specific strategy may need to be altered to be compliant.I know that this is quite contrary to many of you, but I'm going to keep doing what I'm doing until my slap on the wrist comes or more information comes out about being SAFE compliant and at that point, I will adapt.