If that "boots on the ground" partner has the responsibility of handling the issues, they are going to want to provide a property where the management is as easy as possible....since they are the ones doing it.

And are there any other ways to combat this?

Hey BP community,I am considering out of state investing for my first deal as I currently live in the Bay Area and am struggling to combat the exorbitant housing prices in the greater area in which I live.

You should run the numbers on the boot idea @Roy N. mentioned.

Hi Michael,nothing beats boots on the ground, having a local partner in the area is ideal.If you want to invest and manager long distance I would recommend getting a good agent to do all of this for you.  

I ended up getting taxed on a partial boot when I really could of just done the refi.

Thanks thanks for the info but I'm still a little skeptical yes I know if I am skeptical I should back out I have a consultant that I'm working with that's trying to get me a to apply for credit cards so that I can pay for the class boots on the ground but I figure if the program is so well structured shouldn't they be financing me true enough if I gravitate towards a credit card for 10 grand or more I will need to be able to pay that off with in 29 days which I don't think I will be able to do that because I won't have the cash on hand that's why I'm applying for a credit card.

I've been reading up on 1031 exchanges and I've been a little hung up on the replacement of debt and mortgage boot.

None of the investors I work for would even think of investing in Baltimore City if they didn't have boots on the ground.

We have been reading books and doing research, but no boots on the ground yet, so we have no idea on the time frame.We will only have enough for a 5% down payment for a 150 unit by the end of the year.