And because of the growing tech scene, rental demand is strong.

In fact my company Vacasa manages a multitude of properties in the country and we are always looking to expand in this high demand market.

If you want to grow a portfolio, the math is clear, you must sell to Pyramid UP. $250mnth is not good performance.

I’m new here and just starting my real estate investing journey this year.I live in NY but am looking to purchase multi-unit properties (4+ units) in a growing market outside of the state.Here are a few concerns I’m working through:As a newbie, is it a good idea to buy a property out of state?

I am on a real estate journey to grow and obtain a potent Real Estate Portfolio.

Looking forward to growing my portfolio and connecting with the BiggerPockets community through out my journey!!

A good PM can refer you to top sales agents in the market, they can tell you what type of rentals are in demand, they can tell you which areas are best for investments, and they can cross-check what the sales agent tells you about specific properties.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

These areas have affordable entry points, diverse housing stock, and steady demand.

If the the demand is there, the homes are likely to still appreciate over time. 

Excluding the periods of “tulip bulb” irrational exuberance, a property must produce enough of a risk adjusted return to satisfy both the ROI demands of the “limited partners”, and the income/time requirements of the sponsor.