Looking to start investing in LTR,

[Jason Weidmann]

Certainly! Here’s a more polished version of your message:

Hello BiggerPockets community,

A close friend has been encouraging me to get into real estate investing for years. My wife and I recently met with them to seek advice and guidance, which ultimately led us to BiggerPockets. Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.

After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey. The sale of our home will provide us with approximately $150,000 to allocate toward investments.

At this stage, we feel most comfortable focusing on long-term rentals. However, due to high property costs in our local market, we have been exploring opportunities in more affordable states, including Texas, Pennsylvania, Michigan, and Ohio. Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.

Does this sound like a solid strategy for a first investment property? We would appreciate any insights or advice from those with experience in long-distance investing.

Thank you!