He had a captive audience that kept sending him tenants - College women from one sorority.   

Very quickly the major markets & players in those markets will become clear to you as we frequent these pages often.As for the concept of buying out of state remember that It's not really that complicated to buy out of state.

There may be a commission involved, but at least you'll have the right audience of buyers. 

However, in our experience, while you may mitigate the cupping/buckling, you will not prevent it ... though you may prevent mould growth.My preferred floorings in bathrooms are (in order): {porcelain} tile (particularly with in-floor heat), linoleum (not to be confused with vinyl for which the term linoleum is frequently misused); or {loose-laid} vinyl sheet or vinyl plank.  

Investing in multifamilies is usually considered riskier than many other types of real estate (because people in apartments tend to move in and out more frequently and are more prone to damaging things and not paying rent) but usually has a better ROI. 

Account ClosedNice to see you participating in the forums ... and the small step forward of dropping one of your frequent {stuffed} keywords from your post.The handling of a squatter vs a tenant will undoubtedly differ with jurisdictions, so the ultimate advice is to consult your legal counsel on the matter.The crucial distinction - at least here - that that a squatter had no legal right to be at the premises and is essentially in trespass / illegal possession of the property.  

If you go this route, I would focus on a single property - the one which is costing you the most in interest and/or the one which will yield the biggest free cash flow once paid down - until you reach any prepayment limits imposed by your financing terms.Additionally, if you are able to switch your payments to {accelerated} bi-weekly (26-payments a year) from monthly, that alone will trim your amortization and total cost of borrowing.Another thing I frequently do is to take-on variable rate financing on a property (which is usually at a lower interest rate than a fixed rate loan ... by as much as a 1 pt), but set my payment as though I have a fixed rate loan.  

If you are going to be doing it frequently you might want to think about getting a R/E license yourself so you can do it.

You have a captive audience with your fellow soldiers and would be easy to hire a property manager to look after both of your properties, if you so choose.

In fact, frequently the other attorney and I are the only people at the closing.