Hey guys found a property out of state that i really want to purchase and rent out using a property management company. I see mixed reviews on renting out of state or further than "45 mins" from your home, but i live in one of the most expensive areas for real estate long island New York. With todays technology i can see it being alot easier to manage properties remotely and i've listened to podcasts on here about people doing it. I've done research on the property management company and they have great reviews and aren't that expensive. The property is listed at 84,500 i'm sure i can get it for cheaper maybe 80k or lower. I have 20 percent or more to put down if needed. I also researched the numbers for rent and the cash flow would be awesome. Properties in the same area/same amount of beds/baths/square footage are renting out from 850-1150. Even if i only got 700 the numbers would still be good. Now my questions are, where is the best place to get a mortgage? i use chase bank for all my banking but i have heard there are better places to get mortgages, any advice would be awesome. If i'm missing anything or if i should not be looking this route let me know i love constructive criticism! Thanks guys
