It’s technically possible to qualify for Real Estate Professional (REP) status with out-of-state rentals, but in reality it’s very tough to pull off.

We had originally factored lower operating expenses due to the deal's proximity and our plan to self manage.The seller hadn't kept any records, so estimating costs moving forward proved relatively tough to nail down.

By connecting the right buyer and seller, Marc turned a minimal investment into a quick $10,000 spread, proving that not every deal requires major work to be profitable.What was the outcome?

The agent forgot to include a clause in the offer that before they buy that they need to sell If you can prove that you requested the agent to put in this clause and agent did not, my view is the agent has some responsibility.However, you signed (or e-signed) the offer.  

Eviction isn't a great option here- I think you'd have major problems in court proving which tenant caused this issue or if it were tenant caused at all.

This is the USA , you dont have to prove you are innocent .

Insurance is tough right now.

I was just posting on here to see if anyone had any experience with this type of thing.In my non-legal opinion, given the info provided, I think it will be an uphill battle for this buyer to prove that the seller failed to disclose material issues that would have affected the value of the property or the buyer's decision to purchase it.

Those buyers already proved they’ll close if the numbers make sense.And yeah, buyers need room to make money.

😂 Yeah… not quite.What really hits you fast is how tough it is to build trust.