KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

If you aren't going to set up the LLC correctly, for asset protection structuring, you might as well buy it in your personal name.

I want to buy it and build a prefab home 3/2 around 2k sq ft.   

John Hickey congrats on buying a cash cow.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Clinton.

2. how to know where to find a B,C,D areas\neighborhoods in cities\ countries.3. how do I know if a property is worth the checking\ buying?

This is like buying any other property, it is valued at whatever the market is.  

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.