Starting Out.... towards my first SFR investment

[Neel Iyer]

Hi BP community - I have started doing some research into my first SFR investment which will likely be out of state - A ~$100,000 home with a roughly 1% rent/cost. I am looking at St Louis, MO, Cleveland OH, suburban Houston TX and San Antonio TX areas. I plan to get it financed through a traditional bank loan with a 20 or 25% down payment. Also, I am thinking about going with a property management company to manage the property instead of self-managing.

I look forward to get to know this community and learn from the wealth of knowledge shared here. Thanks!