A broker that I have a long-term relationship brought me this deal.

I was hoping to find some people on here to network with while I try to grow my relationship with these others.I need direction/suggestions to research what I should do first.

Here’s why:1) Risk Reduction - for a typically small cost in terms of time and money you can gain a ton of context about an area and the surrounding areas that will help you to reduce the risk of getting into a poor investment2) Relationships - you can leverage your time there to meet with local market participants like property managers, brokers, other investors, contractors, potential tenants etc.3) Business expenses - you should be able to deduct the cost of the trip as a business expense4) Context / Perspective - you simply get better context and perspective by being there is personI don’t mean to say that you can’t do OK by investing remotely but I am 100% certain that you will get outsized benefits from visiting your assets periodically and definitely initially.When I invest in multifamily deals I always visit the area, the comps and the asset itself, this takes time but because we buy 100’s of units at a time it is an efficient use of time.I’d also be wary of anyone who isn’t personally invested in a deal alongside you telling you that you don’t need to visit, particularly if they get compensated by you making a transaction.Investing out of state allows us to find the best returns but don’t be mistaken into thinking that you shouldn’t plan on spending time in your target market.

You can sometimes get around it due to unique circumstances like job moved 50 miles away, relationship change (getting married/divorced), etc ,but if you have all of your life variables the same, it is just one year, and then you can buy another property.3) You can only have one 3.5% FHA loan at a time unless you have good reason to get another (see point 2 above).

I'm sure your understanding is appreciated by him and will strengthen the work relationship.

Most any custodian will reject an agreement that is improperly created or where they see a lack of any relationship with qualified counsel. 

However I'm in no position to do so, so i'd like to take the opportunity to try and wholesale it as a way to begin developing relationships in real estate and also try and turn a profit.

It all comes down to networking and establishing/building the relationships with the right people. 

I’ve been angry quite a few in my inbox and the more I think about it the more open I become to a virtual relationship with a CPA.

I'm looking to build a relationship this individual as I will be buying other rental properties in the future.