Buying small multifamily property (4-plex) out of state?

[Luke Davis]

Hey everyone,

Pretty new to BP, but have been listening to the podcast/reading the forums for a little while and have gained an enormous amount of knowledge. This place is awesome. Looking forward to learning more. I have a question regarding investing in smaller (<10 unit) multifamily properties out of state. For anyone that has had success, have you had any issues finding property management for smaller properties? And then beside that, does it even make sense alot of the time to buy such small properties if you can't manage them yourself - do the management fees eat up most of your cash flow? That is the one aspect I'm still not sure how to tackle.

Thanks in advance!