If your guests are leaving standard 5-star reviews, that’s great—but if those reviews could apply to any rental in your area, you’re still competing on price.If they’re leaving raving reviews, your property becomes the go-to choice—at premium rates.

I am from the Hagerstown, MD area and was looking at a few potential investment properties in Cumberland.

Quote from @David Young: My wife and I are new to this and are saving for our first property our goal is to start looking for properties in November 25, we have a couple questions, would it be wise to invest out of state for our first time investment (we do plan on physically going to see the properties to potentially invest in) ? 

The loan would be secured by the property.

@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

And they don't have evictions, busted furnaces, or the hassle factor of property. 

I am happy to share that I recently came across a solution called Property Llama that is a huge step forward for folks like us..

Louis area and I work for Remax Best Choice.I used the cash-flow calculator to check the 6 properties we just closed on.

Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.

If the property is considered non-warrantable, you should still be able to do a standalone 2nd mortgage at 75-80% CLTV on an owner occupied nonqm 2nd mortgage.