I Don't See the Downside..

[Andrew Belz]

Hi All,

I'm a new investor looking to purchase in the Louisville, KY area. I live in Western Washington & home prices are too inflated for me to break in with the financing I would like. I'm finding houses for $200-$250K in what I've been told are nice parts of the city, with potential stable & respectable tenants and good rental rates. I could comfortably put 10%+ down on these. 

The market just seems better in almost every way and I have family living not far from that location if emergencies come up with the property. Also thinking of just hiring a property management company.  

Are there potential risks I'm not thinking of? Or better ways I should be thinking about this? Any thoughts would be helpful, Thank you! 

[Nicholas L.]

@Andrew Belz

will they cash flow?  post the rents and expenses here.

i'd encourage you to invest locally.  if you "can't" because your immediate area is too expensive, go a couple hours away.

OOS not as easy as advertised.