This is a slow process but in that scenerio it gives you experience and a solid foundation to start.

Plus, turnkey can work out-of-state too, as long as you’ve got a solid team on the ground you trust.If it were me advising a first-timer, I’d say start with a turnkey, build your team, and once you’re comfortable, then go after those BRRRRs.

Starting our Real Estate Rental journey...Wife and I are moving across state due to a job re-location...we want to keep our primary residence while we rent an apartment. 

I see a lot of folks recommend offering labor in place of capital in partnership deals, but I don't know how likely that is for someone just starting out.

When it comes to setting up an LLC for out-of-state rentals, it depends on a few things.

And then the workmanship was so bad that the new buyer had to rip it all out and start over.

@Lou Burnett If you are just starting out & have one or two rentals.

Just starting out that won't be you - but $5,000 just starting out is big enough! 

Quote from @John Dunn: I'm looking for advice how to help build out my team.  

Hey Nana — great initiative reaching out!