Quote from @Sacramento Juarez: Quote from @Bobby Seegmiller: I consider myself a savvy investor, wrote a ebook on foreclosures, sat down at lunch and looked Tom in the eyes, been to his home, analyzed the business, reviewed the technology and CRM, chatted with their closers and am unfortunately in the same boat as all of you.

No matter what, unless I had a credible and substantiated team already there on the ground, who I trusted with viable perspectives, I would have to lay eyes on the place. 

Dual agency is an abomination in the eyes of the law and only a fool would consent to it. 

I just recently heard of a police officer who lost an eye during an eviction, seems like not the landlords fault right?

Their eyes glaze over when you just mention a Cap Rate. 

I will keep a close eye on future meetups 

I would say I am stuck in the busy work and over-analyzation trap with the bandwidth to only take on so much in   a given niche that I should restrict my eyes and focus on finding and executing on those rather than scanning the entire market.

Being out of state, your property can start falling apart without eyes on it, so choose wisely. 

Death or 1031That being said, the question wasn’t really whether it’s worth it or not, but if it is permissible in the eyes of the IRS to take the bonus depreciation in the same calendar year when you have used the property for personal use. 

I will keep an eye on local rental demand and property condition, especially since FHA has more strict appraisal requirements.