Lake Coeur d'Alene is a natural deep water mountain lake with an average depth of 125 feet.

I plan to start a deep dive into off-market deals in the next couple of months, aiming to occupy the property by July of next year.

Here are a few key things to keep in mind when you’re hiring:Experience and Local Knowledge:You want someone who not only knows the ins and outs of managing properties but also has deep knowledge of your local market.

Do you avoid driving because you might get in an accident? 

I personally would not want to drive around this neighborhood knocking on doors for rent.

., we have a 2700sqft 4/3 lake house.We charge $250 to the guests and pay $300 to our cleaner.Now we are out of town by about 36 miles so the cleaner has to drive an hour each way so she charges us more. 

Do you go knock on the door pre-sale while driving around doing your property inspections?

We have soil made up of mostly clay, rock, and some sand so digging footers or basement of any kind can dramatically drive up costs.

It's like buying a Yugo and then complaining it doesn't drive like a sports car.You ALWAYS end up getting exactly what you PAID for!

The barrier to entry is much lower, competition is less fierce, and the returns are often higher, especially for buy-and-hold strategies like yours.Since you’re considering investing out of state, I recommend focusing on one or two markets and really diving deep.