Investing out of state

[Todd Knudson]

I have been thinking about and researching out out of state rentals.  Currently I own 10 single family and would like to scale my portfolio. One reason is to diversify and not have all in one state. I am also open to Airbnb as a destination location. 

What are you thoughts? or experience? 

Pros and cons of out of state investing? 

[Michael Dumler]

@Todd Knudson, I would ask the following, how active or passive are you with your current investments? Are you self-managing or is there a PM in place? How often do you view your current rentals if problems come up? At the end of the day, out-of-state investing really boils down to having a resourceful and reliable team in place (core four/rockstar team). The biggest con with investing out of state is the amount of time and energy it'll take for you to structure your new team.