As for managing remotely, it is critical for you to start building your trusted local team BEFORE you look at properties. 

The RE-Pro designation becomes critical for making the rentals an active rather than passive business, taking it off the table as assets for financial aid.

Unfortunately thats going to be yet another contributor to how ridiculous the deficit is going to grow over the next few years.Its funny how these same politicians were so up in arms but a few years ago about how critical it was to get the deficit under control.

The emphasis on accounting when running money for others is critical. so I thought it might be worthy to mention as you look forward towards career choices.

You will meet other locals there and make connections that will be critical to your success. 

The letter can include 50 pages of disclaimers but there are plenty of CPA's that lost a lot of money and their license by providing quasi-assurance with insufficient basis for doing so even with disclaimers of liability.I know you don't care how many CPA's you harm, but you are dead wrong in criticizing a CPA for being smart enough to deny your ridiculous request. 

Generally, IRS can ask for records for the last 7 years.Finding the balance between doing a quality job and implementing cost-efficient/time-effective ways of renovating or completely transforming the building can be challenging thus proper planning and good organization of the process is critical for the success of a venture of a kind.

That’s not my brand.My brand brought be a 300 unit $38M deal in Greenville via a title company contact in Dallas TX.So while diversification is great, drilling deep, creating a critical mass in a market brings benefits too.Something to consider.The PM team os critical.

@Tina LeeI'm not criticizing you, I'm criticizing Terrell Garren. 

my experience there the things to watch out for are the cities with the POS  these can be quite invasive.and tax's and of course quality of that tenant base on that street.then PM is critical to any out of state investor in any market..