My advise would be to look in the northward sections.I follow the Newark market closely and i'm seeing properties fly off the market.

If you are looking to buy 50K houses, that doesn't exist in your state, but those investments tend to be risky and best suited for experienced, local operators.Hi Brian,I wouldn't necessarily agree that due to a population decline in a state or city that's it's not a good investment.The micro economics paint a different picture than what can be found out online via research.There are areas in my market that are booming with sales and rentals flying of the shelf even tho the broad market is showing a decline in population.I think that majority of the markets in the Midwest are showing a decline on population anyway lolSomething that I have preached to investors for years now is that finding the right team to work with is more important than focusing on just the online stats/demographics.You are correct tho regarding turnkey outfits.Most are very shady and do oversell properties.Something that isn't a deal breaker as long as the property management is solid.In most cases it isn't so that kills the deal completely.Just my opinion.Thanks 

AND you get to contribute to retirement.Get with a competent CPA quickly so they can unwind the mess you've got and get you flying straight and true going forward.

For you, it seems he's flying off the handle.

You're doing the right thing by flying out and seeing it for yourself.

If I do move forward with this, I would fly out there and see the property first-hand before committing.Purchase Price: $115,000Closing Cost:  $2,500Est.

I never beg tenants, but by the same token, I am on them like a "fly on sh1t" when they are late.

@Skyler Martinson1) I would probably actually fly out there in order to do the following:* Drive/walk through the neighborhoods* Meet up in person with the property manager2) HUD is involved because my tenant gets some form of government housing subsidies, my tenant actually pays a tiny portion of the rent, most of the rent is paid by HUD

You're going to need to build and manage a good and trustworthy team remotely (unless you plan on flying out every week).

@Sasha Josephs i have been long distance landlording for quite a while now. rehabbing outside of my local area was a breeze to be honest. i have a team i can trust and i just made phone calls and checked on progress when necessary. if i was in the area, i would be there swinging a hammer until 3am everyday. for me, i am better off far away. i have not done any local rehabs. i flew back to the area once, maybe twice, to check on things. i did not fly back to just check on things though. the trip was always for other reasons and i just popped by because i was in the area. if you do not trust your contractor while you are away, that is your first problem. nowadays, we can send pictures and videos very easily. that is all that i need.