I have a demanding job and most likely I will need to invest out of my state so I was thinking of relying on professionals to buy and manage my income property.

You really need to spend a couple bucks and get professionals in your area into the property and get their advice and dollar amounts.Foundation is more then cosmetic and probably the most important issue you need to address first, its not just fixing it, you would need to figure out why it had issues too.

However keep in mind just because someone is a professional doesn't mean they do a good job.

You cannot get OJT to be an engineer or become a CPA, a lawyer, a doctor, a nures or any other true professional occupation.

In my totally amateur-not-at-all-professional opinion, if I had money to invest in Southern California, I'd look closely at Temecula.

Hello Annette, Hate to sound like a few of the “no-can-do” professional bloggers on BP but…simultaneous note purchases are very hard to do these days.

It's a big deal, and certainly best left for the professionals, i.e. attorneys.

Like you, I have no desire to flip or deal with contractors or any of that (at least for now), and I buy mostly turnkey rental properties meaning all of those contracts, tenant screenings, rehabs, everything are already done for you by professionals.

I am an accounting professional who works in risk management for a large private banking institution.

The point is, for inspectors in my state, there are absolutely no eduction or professional licensing requirements, unlike an appraiser.