Out of state investors

[Ishan Puri]

I am just getting started in out of state investing and wanted some advice from those in the game already. I am looking to build a cash flow portfolio and am vetting the following markets:

- Cleveland

- Cincinnati 

- Indianapolis 

1. How reliable is property management for an out of state investor?

2. Do I need a local lender? 

Any other tips would be appreciated for grading these markets (besides what is on BP) or finding a strategy. Right now, I am looking at multifamily in B neighborhoods in these cities.