These employers frequently attract new residents and create a steady influx of good quality renters and prospective tenants. 5) The Albuquerque metro area and Central New Mexico enjoy over 310 days of sunshine and a mild climate year-round.

From my experience, many investors prefer to stay hands-off and avoid the day-to-day operations—managing contractors, solving unexpected issues, or finding a replacement electrician.

Bay Area, did a local renovation where I was able to do walk throughs with the contractor, and have pretty good control of this property, can check on it multiple times a week.

There are inconveniences to investing out of state like traveling to see properties, meeting with contractors, checking work, checking the property condition.

Some had other events in other states designed to elicit high emotions and fun, solidifying what was basic information as something secretive, which it really wasn't, it was just more enjoyable and easier to learn in the 'fun zone'.

Had I hired a professional, it would have been done in a month and the extra five months of rent income would have paid for the contractor, saving me six months of nights and weekends.

Ask them if you can speak to some of the borrowers they have lended to find out if they enjoyed working with them

Then I need to build my team, inspectors, sub contractors and either find a property management company or try to self manage them and etc.

It really depends on the markets you are looking in, if you have the bandwidth to handle general contractors and their subs, and the amount of capital/liquid you have.

Plus, you want to make sure you’re comfortable with the commute and potential tenant demand.Oh, and curious, have you started making connections in that market - lenders, contractors, agents, or perhaps other investors too?