New build rental investments

[Shelby Lunardi]

What are your thoughts on investing in new builds out of state (Live in CA) as rentals and what's an acceptable ROI?

My wife (a CA agent) and I are looking to purchase an out of state new build but we are just starting our journey. I'm currently looking to find good low property tax states and neighborhoods to start. I've began looking in SC as a starter.

I imagine it's encouraged to locate a property management company and ask them questions about average rent in the area along with their price to manage.

We're looking at new builds because we feel better about the purchasing sight unseen aspect. I understand we won't make the most of our ROI without following a BRRR method.

Also, we're looking under the 300k price for the most part. Another reasons we are looking outside of CA.

Looking to also connect with investors or agents in these areas to work with. Thanks in advance!

-Brandon