There is a little risk there, but you have usually also a good cushion (equity) to make up for it in case there are surprises (usually plumbing).Hope this helps.

I own a rather large Property Management company ($50 million+ portfolio) so I've got a unique perspective on this.We keep our management portfolio to the county we are located in.

Depreciation is a powerful tax advantage unique to real estate.

The key to making it worthwhile to buy mailing lists is to have a creative and unique angle, or to be the 800 pound gorilla and send the most pieces more frequently than anyone else 

Sounds like there may be some unique aspects to the property you may want to use an attorney for, but up to you). 

That is not enough even if they were turn key, you need to have reserves for when things go wrong and ideally enough to pay property taxes and insurance and still have some cushion. 

@Brian Bradley, what @Rodney Blackwell is referring to , I think is unique to LLCs in some states and is like Limited corporations. 

We're a bit of a unique market here...lots of options, but more focused on stability and long-term growth over paper returns out of the gate. 

@Nadia Doty...I do not know the specific situation because I didn't listen to the webinar, but each partnership arrangement is unique because each partner brings different skills, $, time and knowledge to the table. 

For generating leads I usually use Listsource and in my spare time, I drive for dollars to find unique off-market properties.