.- What are the potential problems other than not being there in person 24/7?

It can''t go thru your personal accounts because you have not paid income tax on this money yet. 

Personally I wouldn't invest here in WA.

If during the next 2.5 years, the owner redeems the property i get the money + interest back, but lets say they do not redeem the property. 3)  Within the last 6 -3 months of the expiration of the redemption period, I will file a petition at the circuit court for the tax deed 4)  At the same time, after filing the petition for deed, I will need to send "Notice of Expiration of period of Redemption" Take Notice to the county so they can mail it to the home owners and any interested parties informing them to redeem asap. 5) I will subtax early the following taxes as soon as they are generated by the county. 6) Inform the property owner in three ways, certified mail from the Circuit Court Clerk, being personally served by, the Sheriff’s office; and notice being published in a local newspaper. 7)If the taxes are not paid and the last date to redeem passes, the tax buyer can apply to the Circuit Court for an Order directing the County Clerk’s office to issue a tax deed to the tax buyer.

Hi Boffill, since you're out of state and in person events to find PMs may be difficult I'd suggest also posting in the classified section of Bigger Pockets to see if you can find someone good that can help!

My suggestion would be that you find the time to personally visit and learn about any of the investment areas that you are considering.

@Account ClosedIf you receive a gift from a foreign person of USD100k or more, you would need to file Form 3520 to disclose it but a receipt of a gift is not subject to income tax.

I now have an LLC with a business checking account and credit card that I just established to separate my business transactions and personal.

We had buyer clients whose coop applications have been rejected for absolutely no reason, so just be prepared and don't take it personally. 

I am happy to connect you with the person who started my mastermind but know this: Any group like the one I joined is only as valuable as the time you're willing to invest in it.