If you live in CA, NY, Boston etc - the financial difference is big enough.Investing in your home town is always best, you have the home-field advantage and you can buy, rehab and manage a lot more efficiently.

Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

Especially if you are hiring property management.

Quote from @Doug Teasdale: Quote from @Dustin Tucker: Hello Doug,  Here is the Arizona Association of Realtors Forms page.https://www.aaronline.com/manage-risk/sample-forms/residenti...You will probably need to use the Residential Resale Contract.For the Buyer as an example use "Doug Teasdale and/or assigns"  This allows you to assign the contract to your wholesale buyer.

If you ever decided to sell the building but keep operating the business, it makes it much easier.

I am a local Property Manager and would love to help in anyway I can of youd likeThank you!

How much are you having to pay the management companies?

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

Also thinking about wholesaling as a means to build capital  @Makani Donaldson Do you know anyone in your market that owns MTRs and LTRs that manages their own properties and needs help?

You can't even drive by and look at a tree before you decide if it needs to be trimmed up or cut down.2.)