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Updated over 6 years ago,
new Investor starting with out of state rental
I am a brand new investor looking to buy my first rental. I live in California, where the market is just to crazy for me to even think about getting my start here. I have been looking at a few places in the mid west and south, and I've narrowed it down to a couple cities that i think I would want to buy. I want something small, a SFR or a small multifamily. I've read books and listened to the pod cast quite a bit, so my question is what advice would you give to someone new that they don't tell you in the books about long distance investing. What are some of the most common mistakes that newbies make.