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Updated over 8 years ago,
Thinking of purchasing out-of-state rental income property
Hello,
I live in Los Angeles, CA and am strongly considering purchasing a rental property in Michigan, my home state, in a town ~3 hours away from my home town.
A couple questions:
1) Does anyone own rental property in Grand Rapids Mi?
2) To anyone with an out of state rental income property, will you share your experience with property management companies? How do you select tenants? Any pointers - I have blind spots and likely do not even know all the questions to ask you!