I am not saying not to do it, just recognise the potential downsides.

In case you're involved in riskier tactics, having an LLC might provide you further assurance.Understand Local Laws: Recognise local laws pertaining to LLCs and property ownership.

A PM would have taken most of that.I have seen too many OOS investors fail buying cheap properties in rough areas not recognising that over time capex exceeds cash flow.

Ther are a LOT of hidden expenses that go into holding rentals that many new investors don't recognise.

Requirements for Registered Agents: Recognise each state's criteria for registered agents.

Recognise the opportunity for rental income and property appreciation.Speak with a Mortgage specialist: Contact a mortgage specialist to discuss financing alternatives for both scenarios.

Recognise the prerequisites and lending standards for the loan programmes you are considering.Create a Team: Put together a group of experts, such as a property manager, real estate agent, and maybe a contractor.

Recognise market trends, real estate prices, and demand for rentals.

Recognise if you are searching for fixed-and-flip properties, long-term rents, or a mix of the two.

@Mike HwangThe following general guidelines and things to think about will help you look into joint ventures and get hard money loans for investments in commercial real estate:Securing Hard Money Loans: Flexible Approval Criteria, Local Real Estate Forums, Real Estate Associations, Lender Relationships, Online Research, and Consultation with Experienced Real Estate Agents and BrokersInvestigating Joint Venture Financing: Make Connections and Develop Networks, Acquire knowledge, recognise complementary skills, determine project suitability, draft joint venture agreements, find dependable partners, seek professional advice, and make use of regional real estate groups and networks.Recall that thorough research is essential when evaluating joint venture partners as well as hard money lenders.