However, we typically send someone physically onsite when the basis is $1M+.

Being physically present to manage the rehab and tenants is helpful but not necessary.

When it comes to choosing a state to form your LLCs, the best practice is usually to form the LLC in the state where the property is physically located.

Some of this depends on (1) the experience and expertise of the seller, (2) the time the seller can commit , (3) the seller’s negotiating ability, and (4) the sellers physical proximity from the property.  

I do not take that as a verification, the verification that I go off is the one that I do physically for my clients, and my own units. 

They seem to be positioning this toward entrepreneurs, small business owners, and anyone with a viable investment idea but no upfront capital or physical collateral.  

Unlike traditional real estate, buying notes lets you be the bank — and you can often pick them up at a discount.One thing I’ve noticed: a lot of note holders don’t even realize they can sell their notes before maturity, which opens up opportunities for both sides of the table.Curious to hear from this community:➡️ Are you currently investing in notes or sticking with physical properties?

I can say without a doubt that I would have totally taken the wrong deals if I hadn't physically visited the area to get a feel and built a team of professional boots on the ground who weren't afraid to be blunt with me. 

This can be a physical disaster like a flood, fire, hurricane, etc or economic disaster, like a major business shutting down in that area.

I know there is networking but that’s a slow and labor intensive process and requires me to physically fly to the markets I will be sourcing in.I am not too worried about bleeding $600/week on VAs for potentially months while we work out the kinks.