When investing from a long distance, you will need to build a core 4 team.

Purchase price: $160,000 Cash invested: $480,000 Mixed use building. 1 storefront plus 2 2-BRM apartments.

Then speak with the planner to see what types of businesses / buildings they think are a good fit for the property based on the master plan for the area. 

A dwelling fire policy that covers the building and a Renters policy for your contents and Liability.   

What is the list build?

Feel free to reach out if you have more questions.Thank you for your advice.My thinking aligns with yours in that, at this stage, I lack the credibility and necessary funds.So, in the meantime, wholesaling seems like the right move for generating cash flow, familiarizing myself with the lingo, and expanding my network to build a list of buyers and potential partners.I've registered for a multifamily event next week and applied for membership in the young professional real estate group in my area.I do have one question, though, considering I'm at the beginning of my journey: What skills do you think I should develop to be useful? 

This is the main market for these businesses that rent you a "legit business address", to cater to startups looking to build credit. 

I recently had a flood in one of my rental properties caused by a broken pipe outside the building.

Building on what he said, if you are having trouble tapping in, and want to explore other options to maximize return, please feel free to reach out.

It is a 7-unit building in Frederiksted and we put it in a USVI LLC for the corporate protection benefits.