Save this post, because if you think you can find and manage Class C tenants from OOS, there's a VERY high chance you will end up being penny-wise, but dollar-foolish.Hopefully, you'll be able to recover from your mistakes & losses and won't have to sell at a loss.

Quote from @James Wise: Quote from @Kyle Bruce: I built up my runway and have the skills to buy and rehab in a desirable area near where I live and work and then hopefully rent two rooms out to roommates while saving for my next house.I’ve been watching the market for two years now and know which houses are good, what they will go for, and how quickly. 

Quote from @James Wise: 90% of Realtors are just Future Uber Drivers.... 

Hey Stefan,I don't know if there are "good" and "bad" places to invest, as much as it's not wise to invest somewhere where you don't know how all the different entities operate.

Consequently, our company began attracting a greater number of potential customers.When it comes to market selection, making wise choices is crucial.

I also wouldn’t count on doing great cash flow-wise, even if it looks on paper that it’s a good deal... you’re going to struggle with collections and evictions, in my experience.

It's wise to thoroughly discuss your options with the property management company, consider your needs, and ensure clarity on contracts, insurance coverage, and benefits arrangements before making a decision.

However, $3200 for tiling seems steep; awaiting other bids is wise to ensure you're getting a fair price.

A wise investor will not try to get rich quick with shortcuts.

But then I keep going back whether or not a personal home is wise or not with all of the phantom costs/opportunity costs and how expensive it will be.