First time investor looking out of state.
I am looking to purchase my first investment property out of state in San Antonio, Tx. I live in southern California and I will be getting deployed pretty soon so time is a factor and I will have to hire a management company in order to service the property. Don't have much in regards to funds so I am looking at a condo around $100k outside of San Antonio. I have the funds to purchase the property and still be able to live. Any tips or recommendations?
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Have you run the numbers on those condos? Usually condo fees will knock out cash flow. Any reason for San Antonio in particular?
My bigger picture caution is just... be careful rushing a purchase if you don't already have everything researched and teams in place. You could jump the gun and get yourself in trouble.