Ready to Invest. Market, Realtor, Property Management

[Ava Peterson]

Hi,

My husband and I have some savings we would like to invest into rental properties. I am just getting started and have done some research. If we can get the property/properties for under 200k, we would have enough in down payments to acquire 3. My plan is to then hand them over to a property management company.

Does it make sense to 'diversify' and buy in different markets, or is it easier to have multiple in the same area with one property management company?

When it comes to finances, our credit scores are 800+ with no reoccurring bills other than our current mortgage and no debt other than current house. 

[Aristotle Kumpis]

These days, you need to go where the inventory is good and the deal makes sense. I think when you are starting off, its nice to have a few properties with the same management company. Easier to scale. I personally have 4 property managers and its pretty easy to keep track of things. But if inventory is hard to come by, then you will need to consider looking in multiple markets.