Start small with strategies like house hacking, leveraging your hands-on skills for value-add properties, and building a strong team or network to reduce risks.

Bonus Tip: If this quadruplex is out of state, I’d highly recommend building a reliable local team (cleaners, handymen, etc.) and maybe consider hiring a co-host or VA to help with day-to-day tasks, especially if you scale up. 

Then use the experience to work out the kinks and build a strong boots on the ground team.

To invest out of state successfully, focus on building a strong local team (agent, PM, contractors), automating deal analysis, and using contingencies to protect yourself.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

There are some good rents and potential for even Sec 8, but it depends on what you are comfortable with and where you have a team that could help with rehab.Good luck!

Evan Hiller was quoted in the Wall Street Journal article about the Nightingale/Crowdstreet deal debacle:https://www.riggsdavie.com/team/evan-c-hiller

We now invest in the Detroit market place where we have established a great team on the ground and are finding properties with great numbers.

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

I’m part of the Rob Lawrence Team, an investor-focused real estate team based in South Eastern PA.