If it hasn't been mentioned previously, one area that I often advise out-of-state investors is to be aware of the property tax rate for non-homestead, and factoring in the higher tax rate when running your numbers.

i am aware that if i live in the property for i believe 2 out of 5 years i can write off up to $250,000. please help me clarify the details a bit guys.thanksarlen 

Are you aware of the qualifications to submit an application?

She wants to stay where she is for undertermined of time after closing until her new living arrangement is set and has agreed to sign a lease at closing.

If anyone can guide us with contacts of Property Managers or sellers and any information that could be useful, we would appreciate it- What are the best areas to invest, any local laws we need to be aware of, what are the key things to look for , etc .THank you !

I'd stay away from there.I'd try a lease option.

Upon taking possession I made him aware i was going to need him to leave, and then a week later, gave him formal notice in writing (and notarized) that he had 46 days to leave.

As an investor myself with my own solo 401k plan, I have been investing these funds money stay in notes.

Just be aware that you can only do 4 that way.

My work was slow and sure but the next wind storm my roof stayed on while several of the neighbors lost theirs.