Investing in Ohio

[Ken Chen]

Hello members,

I am a first time investor recently moved back to Michigan, my focus was primary residents and after moving back, I had to rent my previous house out in New York which is producing some good income. With what I have now, I’m looking to invest in an area that’s both affordable and ‘if I mess up, I won’t lose too much’ mindset hopefully. After reading on the site for a while (days) I more interested in 43612 and 43613 areas as some mentioned. 

Prior to the site, I was set on areas around the university of Toledo, but after a few months searching, I’m still holding my bag. 

But right now, I wonder if a total newbie in this should really be trying to get a small loan (50k) to purchase two house around 60k each? For rental purposes, cash flow. 
or stick to one at a time? 

And if anyone who is out of state, also does the management yourself? Or hire a company to do it? If so, what is your rates that you’re seeing. 

[Drew Sygit]

@Ken Chen under $50k => either Class C or D properties, neither of which we recommend be DIY managed remotely.

Pontiac & the City of Detroit have properties that will meet these requirements, but are you ready for the corresponding challenges of dealing with low-income tenants?

Toledo pretty much offers the same, if you're set on that city connect with @Engelo Rumora