However, I think for the average person this is probably not true. 

What I was getting at is that even investing "out of state", let alone out of the country, is more difficult when you don't have any personal connections and even more difficult with your first property.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

Freddie Mac will allow you to finance each property and the Maximum is 10 loans on credit.

Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage. 

I started my jouney here in 2011 and I am still learning everyday - especially from others on this forum.My personal portfolio is located within Stamford and Bridgeport.

When your LLC takes a loan, expect as members to personally guarantee the debt.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

But it sounds like you should also balance your decision on what fits you and your families preference and style since you will be using it personally. 2.

Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.