But to be honest, this is happening across the US.

This is a perfect time to get your qualified intermediary involved if you don't already have one.

It's still relevant, but not tremendously useful for residential properties like this which are valued by comparable sales.

I'm new to Bigger Pockets and have been immersing myself in the podcast and studying various aspects of real estate investing—from market analysis to financing—for the past two months.

Would this be suitable to get started?

Quote from @Lance Chounramany: Hello John,My name is Lance, I am an out of state investor, I have a rental house in Irving that needs flooring replace, currently they are laminate planks. 

Selecting the syndication can be daunting with so many options available, so here’s some information that may help potential LP's arrive at a short list to consider.

Will this become an issue in 3-5 years from now, when the IRS finally notices?

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

The water will come from a well in the ground.