@Mary M.
You seem to be quite biased yourself here??? Maybe a bit of hypocrisy?
I think your general advice of "investing out of state is a really bad idea" is rather misleading and not beneficial to someone asking about how to strategically make the best investment choices given the different options she has available. Investing locally may not even be an option for many people. Also, local is a very relative term. Does that mean next door, within a mile, or within the same city/state? What if someone lives in an area that simply won't cash flow, is in a location that doesn't fit their investment goals, that they can't afford to invest in, or an area that has legislative changes that will dramatically effect how that property is managed? Let's be honest here, the most important aspect to have in place regardless if the property is local or not is a good team of property managers, realtors, contractors, etc. You can build a team anywhere. My opinion is to choose the location that fits your goals, then build your team there! I've been investing in a few different markets over many years because I can do better investing in those locations than locally. Some of those have been through turnkey purchases, many own my own. Some properties have been great, some not so much, but that's all part of the game. I've seen you post many times on here taking a stab at turnkey whenever you can. Reality is there are some great TK companies out there, and some not so much just like with any line of business. A quick search about companies on BP is a good way to get a sense for how they treat their clients. The bad ones you likely won't find even have a presence on BP, but people are happy to talk about them. Just my two cents.
