Things to Consider When Buying a rental property OOS

[Moaaz Malik]

Hi All,

I'm looking into my first rental property OOS. I ran the numbers using the bigger pockets calculator and all seems to work out. What are things that I should be considering before completing the purchase and what should I look into during the DD phase? 

Also, the property already has tenants in place. Any advice would be appreciated. Thanks! 

[Caleb Brown]

Have an agent to help you narrow down areas. Numbers are great to base it off of but make sure the area is nice. On tenants make sure they are current, get an estoppel signed, and have leases transfer.