Property ownership 100% remote. Doable?

[Mike Masland]

Looking to get started in purchasing rentals for cash flow— trying to decide on the market. There is one semi-decent area locally but the properties are pricey (DC/Virginia area). I see that some of the best cash flow generators are located in the Midwest. Has anyone ever purchased, rehabbed (if needed), and rented 100% remote? Obviously need a good team. Wondering if it’s viable.

Thoughts? Anyone tried this?

Thanks!

[Ali Boone]

All but one of my out-of-state properties I bought turnkey, and yes, I've been able to do them all remote. The quality of your teams in that case is critical, but I've done it for years. Just have to keep an eye from a distance and make sure all is going well.

How far is Baltimore from you? That's a big cash flow city right now.