Like my buddy who thought he had 3 recently-rehabbed awesome cash flowing rentals in Indiana but later found out they were occupied by squatters and had never been rehabbed, only after he got some fines from the city (Morris Invest).

Just make sure to get something you won't have to replace in a year.

I can tell you there was no shortage of tourist in PF this weekend. 

My wife is not a member of the LLC and does not participate in managing the 2 rentals.

Hey Gabriel, I haven’t personally used PadSplit, but from what I understand, it’s designed to handle a lot of the day-to-day management for you, which is why it can appeal to out-of-state investors.

this is where you live in a property, say a duplex, and rent the other side. 

Make sure your core values align, your strengths complement each other, and your goals are headed in the same direction.

Quote from @Kresimir Lastric: Hi everyone,I’ve been following the convergence of blockchain and real estate for a while, and I just came across a project that I think is executed particularly well.SmartDeeds is launching fractional membership interests in “Project Malibu” — the concrete oceanfront estate in Malibu designed by Pritzker Prize winner Tadao Ando (previously owned by Kanye West).

Every investor has their preference — lower points, shorter terms, or more flexibility during rehab.If you could design your ideal loan product, what would it look like?

I’d start by reaching out to local portfolio lenders (credit unions are great for this) or a broker (me) who does investor loans – they usually have products designed exactly for this situation and do a 2nd position that'll allow you to tap into the equity without touching your 1st.