Hello GeorgeI congratulate you for even being in a position to think about purchasing an investment property but I think you would benefit more both short and long term if you improved your existing situation before you pulled the trigger on any type of purchase.First of all, your 600 FICO will make your decision as to which type of loan you want to proceed with a lot easier than you think.

After all, they stand to benefit from the sale.

It will benefit you so that you can leverage your income and assets to acquire more properties or not if but when you will need to finance something needed or a bigger acquisitions.

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

The question is this: would a local property manager benefit a remote investor?

I personally want to focus on LBH, because I have a good career and I want to invest in real estate for the benefit of my three daughters.

Hey @Shawn Smith @Brandon TurnerThe BRRRR method is IRA friendly but only for the benefit of the IRA and only with your indirect involvement (decision making only).

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

@Melissa Gittens - that way the bank is funding my purchase and my renters are paying down my mortgage - but I get all the appreciation/depreciation benefits.  

Make sure they understand how it benefits them- makes them more comfortable since there wouldn't be a draft caused by the door, explain that a rise in heating costs this year translates into increased rent for them next year.