Hi Brad,I have a few referrals in the area.

And not have to deal with the slum lords that they had been renting from.

And not have to deal with the slum lords that they had been renting from.

Originally posted by @Brad Stegall:@Michael EalyWay to go and thank you for sharing.

Long-term, buy & hold is a great strategy - I've always been a firm believer that you have the upper hand with these properties in the investment field because you have the advantage of being first in an area then being able to wait for appreciation for whenever you want to sell "when the time is right".Often times, these rental properties also don't involve the full scale upgrades (less money out-right) that you would need in a traditional fix-&-flip in order to hit projected ARV's.The one draw-back here is out-sourcing your rentals to a property management company - which finding the right one for the right price can take some time to vet - or else managing the property yourself, in which case you will need to start building relationships with contractors to ensure proper repairs are being done and the needs of your tenants are being met.You can do buy & holds out of state easily, too, just find the right market that is land-lord friendly (for example, mid-west: Indiana), and I think its fair to say you could do well long-term with the right properties!

@Brad Bellstedt I appreciate you replying to my post and clarifying how the EMD funds are handled in that process of the purchase and sales agreement for me!

Brad, Thank you for your reply.

I am looking to property manage for a first time land lord in hopes to buy her house in the future. 

This can be a great strategy to get your first property, build some equity, lower living expenses and gain experience as a land lord.

The time and effort you will spend managing, especially during the first few years when you're learning the ropes and all of your state's land lord/tenant laws and best rental practices (advertising, showing, screening, writing a lease, scheduling maintenance visits, etc.) would make your time more profitable to simply spend working at Wal-Mart as a greeter