Starting out in out of state rentals properties

[Mike Chavan]

I live in New Jersey and I am considering investing out of state in Alabama rather then in Jersey because I can see a higher ROI almost 10 times out of 10 over there. Had a few questions if anybody has experience in this area or just out of state investing in general...

- How do I go about taking out a mortgage in out of state properties
- Where can I find good property management companies 
- Should I purchase this property as an "investment property" or a "secondary property" (I do not own a home in NJ) 
- Where are the best places to form my team when looking out of state ( Contractors, handymen etc..) 


My overall goal is to purchase a home, rent it out, pay my mortgage off with my tenants money and make a little "passive" income monthly on top of it. Eventually I want to be able to (hopefully) own enough properties to rent out and match what I make at work with my rentals. Any advice or guidance would help. Thank you! 

[Joseph Crunkilton]

@Mike Chavan

David Greene's book will tell you how to do this. If you'd like to get started with a bit less risk, I'd check out @Zach Lemaster over at Rent to Retirement. They provide turnkey rentals in AL. I purchased a rental through them and have been happy.