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Updated over 1 year ago,
Investing & Managing Out of State Properties
I would like to invest in single family properties. I am from Michigan, but planning to move out of state. I would like to invest specifically in Michigan because I am familiar with the surrounding areas. If I invest in Michigan I would have to manage the property from out of state, yet worried about it being my first property that I will struggle not being close to it. Does anyone have any advice or recommendations on what I should do? Don't invest out of state for my first property? Learn the area I am moving to and then invest in that area? Get a property manager to manage the out of state property (worried about cost)?