The trouble is, it's out of state and it will be tough to find a property manager willing to help with the deal (at about $40/month for managing that one tenant).Also looked at a house in Ogallala, Nebraska. 

I have a property (3br and 1 bath) in mind located in the Southeast Texas region.I am new to this so I want to make sure that this purchase is a profitable one and how it ranges from a great to bad purchase.I understand that the first year’s profit will be lower because of the cost to get the property ready.I put together some figures, and I would love to get your insight on the return on this investment.Purchase Price:$70,000.00 Down:$14,000.00 Mort/Principal/Interest = $284.00/mo (30yr 4.5% rate) Prop Taxes = $150.00 / moInsurance = $100.00 /moRepairs/Maint = $60.00 / moTenant Turnover Cost = $160.00 moTotal: =$754.00 Rent For Area:$1,100.00Monthly Profit:$346.00With all of this factored in, would this be a good investment?

Are there any advantages of using an attorney when setting up an LLC for a rental property in Nebraska?

I’m a native Texian (6 generations) lived here my entire life with stops in northeast Texas the southeast and now central Texas in the Austin area.

Unless it's in Southeast?

There are all kinds of markets, particularly in the midwest and southeast that potentially offer good cash flow.  

Hello Aaron Rowzee Welcome to BP and the REI community in southeast Texas.

My wife and I will be relocating to Omaha, Nebraska shortly and are starting fresh with no real ties to the area.

I need an opinion from fellow DC investors specifically who are experienced with southeast area (East of the River -- Anacostia and beyond).  

This is in the South East part of town just South of the 78 and just East of the 291.