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Updated over 1 year ago, 08/01/2023
Investment property in a distant state
I live in San Francisco Bay Area, California. I want to start investing in real estate but the market is prohibitively expensive and I cannot afford a house here for investment. I’m considering investing in Tennessee. However, that’s pretty far and poses some challenges (travel primarily).
My intention is to buy the property and hite it a property manager to manage it.
I seek advice and ideas including pros and cons on this approach.