- After we've found a property we like, what's the best way to assemble a reliable team, especially if the property is out of state? 

Who do we need to find/identify for our team (ex: attorney/CPA/etc) before we should proceed with that first offer?

Team that works these 160 calls through an automated system and of those 160, 10% are qualified leads so we get about 16 deals per month

@Sandeep Gangadhar Property Management is probably the most important member of your team, since they represent you in front of the customers, in front of the contractor, in front of legal, they also collect the rents (financials)..etc.

@Thibe LuongI would suggest going with an experienced realtor in your area, and attempting to build a relationship with them.

I would be grateful for any advice from experienced investors, landlords and agents.

Our STR we use a PM and it is work (we tried doing it ourselves many years ago and we are fairly experienced PMs but this was too much work for our lives - we self manage around 20 LTR units if we thought it was not easy imagine less experienced PM).As @Aaron Friberg indicated before considering STR on Condo make sure that it is allowed in the complex.In summary, the rents are good but STRs in San Diego could have legislation curtailing them and STRs at the beach are not passive.Good luck

Common mindset among the experienced, older generation.

This was a good learning experience, however, I do not recommend out of state rentals starting out unless you have an EXCELLENT local team in place

Hello BiggerPockets,

Like the title says, I’m a NC/SC Broker looking to make the jump to becoming a Real Estate Investor myself. I have sold hundreds of investment properties over the years with the ambitions to one...