These same banking regulators required banks (which include Trust Companies) to hold reserves of safe assets.

Yes, we might end up doing it faster but I want to underwrite it with a longer timeline since this is our first one just to be safe and we would likely try to do some of the work ourselves to save on some demo and reno costs. 

With my background in hospitality and a drive to create exceptional guest experiences, I decided to take the leap.

Depending on how risk adverse you are, going out of state can make sense, but I always recommend investing in your backyard (or at least being driving distance). 

We have yet to find a PM that knows exactly how to drive top $$ rents.  

I want to remain local in NJ or at most drive down 1hr to PA (self-manage or, last resort, hire a PM)However, I must also consider maintaining reserves, a safety net for my primary home, and an emergency fund.It's just hard for a new investor now :(

I look forward to continuing that drive and build on the experience when I return to the US. 

Focus on driving for dollars during free time, and set up automated mail campaigns to keep leads flowing.

Also, an 8min walk vs 8 min drive is a big difference in the world of student housing. 

Evernest said they had to pull a permit from the city, have the stove inspected to make sure it was safe for the repairman then they could look at it.