Recognizing non performing is more risky to begin with.  

The question is how long until the purchase is superior to having rented and are you actually going to own the property long enough to benefit from the ownership recognizing the costs associated with buying and selling.Good luckYes, I can see that, especially in CA - renting does indeed look a LOT more attractive vs buying than it does here in the Midwest!

Mailers people throw away but if you are consistent then people will start recognizing your name/company.

I'm also relatively young and interested in some more "challenging" investments (although recognizing that I would have to do everything remotely and source through a property management company like yours).

Educate yourself on the various paths as well as recognize REmay not always be the best path of the path for everyone.If you are in CA let me know as there is some considerations with regard to property tax.good luck

Since you’re carrying part of the loan, this is basically an installment sale, which means you can recognize the gain over time as you get paid instead of all at once and that can really help smooth out your tax hit.With a 1031 Exchange, there is no need for an installment sale for tax reasons, as you are deferring the gain anyway.

Recognize the bias.  

You’d need a formal arrangement—like a lease or management agreement—so the IRS recognizes that the cash is effectively being passed back.

Many states do not recognize the benefits and many lenders are reluctant to lend to a borrower using a series LLC.  

Pay attention to foreclosure auctions in neighborhoods you truly know; that local knowledge is an edge.Sometimes the best value-add isn’t swinging a hammer but recognizing overlooked potential and connecting it to the right buyer.Here is a link to my walkthrough after purchase https://docs.google.com/videos/d/1VVxQdxttSveA73ojc1iCwcBC2GAYFdiuNvY8EqOSE0c/edit?