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Updated almost 7 years ago,
Renting out out of state (inexperienced landlord)
Im looking at picking up some rentals out of state (Tennessee or Indiana). I have about $20k that’s sitting in mutual funds. However, I’m an inexperienced landlord; I own 1 rental locally. I’m looking out of state because it’s more affordable. Since I’m inexperienced at being a landlord, is investing in rentals out of state a bad idea?