Holding an out of state multi-family rental

[Richard Busker]

Hello Everyone,

I'm new here but I'm eager about purchasing my first property soon. The idea I have is to purchase a duplex or something similar and "house hack" for my first property. I'd like to live in the property for a year and then rent out both units. For personal reasons I'd like to move to another state after doing so. Does anyone have experience in holding rental properties from out of state and would anyone care to share their experience? Is there anything that I should keep in mind when considering this?

Best regards,

Richard Busker