Originally posted by @Mike Nuss:@Jay Hinrichs that's a great idea.

Originally posted by @Chris T.

Originally posted by @Thomas Mattausch:Wait - I thought in Washington you can't buy from the owner when properties have entered foreclosure?

Originally posted by @Michael Faudoa:Hello all, I have a basic question about partnerships.

In a similar situation, I've used the five year schedule and the original cost of the flooring to determine the deduction.  

So do your due diligence and make sure that the strategy you know works in California will work in other states as well.If you don't know the area, here's what you'll need:A local real estate agentA loan officer licensed to originate loans in that stateA local property manager (they should have repairmen, contractors, etc. contacts for you)It works best when you have local "boots on the ground" so to speak, meaning friends or family members who can keep an eye on the property for you... which your property manager can do for you, but for a fee.I would recommend reading BiggerPocket's book on long distance real estate investing for a ton of other tips as well: https://www.biggerpockets.com/store/long-distance-real-estate-investing-ultimateIf you have any questions about the Phoenix Metro Area market when you're considering which area to invest in, feel free to reach out and I'll try to get your questions answered or point you in the right direction!

Originally posted by @Tashoma Lesane:Hello BP Community,My name is Tashoma Lesane and I am a new member who was introduced to BP by a friend.

Originally posted by @Michael B.

I don't know what a standard lease looks like - is there data anywhere for how much?

Originally posted by @Chris Masons:I echo the sentiments of others here... the lease is signed so now you just need to stand up to her and let her know that it is YOU who run the show not her.