Vacancy rate for out of state investing 30%?

[Jarrod Gregory]

I am reaching out to an out of state market. I’ve spoke to a few realtors in the area I’m considering and one who seemed the most knowledgeable said that 10-15% vacancies are the norm but he recommendes out of state investors should make their plans based on double that number so 20-30%. Seems way high to me. What are your thoughts. Btw I’m targeting B class neighborhoods. Thanks

[Anthony Wick]

I guess it depends on the size of the property you're buying (number of units). But, if anybody told me even 15% vacancy is the norm, why would I want to buy there? It better be a heck of a deal, with the other 85% occupied making up the difference. But 30%? And, presuming you're using a property manager, why would the occupancy rate change just because you don't live there?