Regular updates and open lines of communication can prevent issues from escalating.By setting up a structured system and fostering strong local relationships, you can effectively manage your out-of-state investment while ensuring it remains a profitable venture.

@Dave Foster, thank you very much for this info. 

Suppose it pays you another $100k, expecting that you are a dedicated employee and not suspecting that in reality you spend all your time on your builder business, having ChatGPT write your employee status reports for you.

@Briley RoeIf you or your spouse are the only employees in the business you can open a solo 401k with Schwab, Fidelity or Vanguard and contribute up to $70,000 in employee and employer contributions per spouse.

I can't unlock those losses since I'm not a Real Estate Professional because I'm a W2 employee.

To pay my contractors and employees I collect their bank information and can send an ACH directly to their bank account. 

Quote from @Dani Foster: Hey y'all!

They had approximately 50 employees or so employees before all of this, they are down to about 15 employees with plans to go down to 5 employees in the next month.AHP Servicing is down to 1 mil in debt owed, from 3 mil last month.

They were essential employees or had places to go if they lost work but I also  felt more comfortable with the shorter commitment and they were willing.

I’m most interested in building a portfolio of single-family rentals I can hold for the long run.Current Situation:My wife and I are in our mid-30s, both W2 employees with a combined income around $150K.