, I really need to keep it simple and minimize risk since I live abroad.

Quote from @Kyle Schachsieck: Thank you all for the information and additional resources!

At least that is my experience in my market, where almost everything is 60+ years old and has un-permitted illegal work.If you just want to close on time with minimal hassle?

But thats part of the being OOS and as I gain more experience and I better team I can minimize that.

You minimize your risk of violating Fair Housing Law or compliance issues using an experienced property manager.3.

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

If you’re okay with the lack of control, it could Be good for you.A benefit in addition to being passive is that you can invest in whatever markets you’d like.

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

If you’re set on a duplex with minimal rehab, an investor focused agent should have a strong network of contractors who can give you quick quotes, so you don’t wind up with any pricey surprises.

They’re a great way to generate passive income with minimal hands-on involvement.Looking forward to hearing more about your goals!