@Hiren Patani Ask a local eviction attorney in your area for a referral!

We paid back the 401K loan in 8 months and best yet paid all the interest back to myself vs. the bank.Aug 2023 - I went to my local bank and got approved for a HELOC on my primary residence. 

@Joshua Piche with little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

You must hire locals who are familiar and acclimated to the culture of the city you plan to create rentals in. 

I think will find that out-of-state will be much more operationally challenged than local.

That said, be sure to check your local jurisdiction for other regulations.

I'd make connections with realtors, join local meet ups and expand your horizon.

You'll learn what contractors are good at such repairs, and eventually people will start bringing you "problem properties" with that issue.Another related idea: contact a good local realtor and ask them if they know of any on or off market properties that would be a hard sell for most buyers. 

I flew there and walked the house, looked pretty turnkey rental grade): $1029 GFCI outlets, downspouts and guards, drywall, paint, bathroom vent$4615 (new AC unit since unit was stolen before tenant moved in, didn't file insurance claim because didn't want my premium to go up) $600 (water line, gas line, P trap)$60 lawn mowing$112  thermostat repairMy opinion is that Class C is better for local investors who are on site and know how to do repairs and self manage.

If you’re leaning toward an LLC, I can recommend some local options to help set it up.