Let’s stay in touch and see if there are any deals we can collaborate on!

Out of state investors can do really well here, but you can also lose a decent chunk of money if you buy wrong.Lots of out of state investors, especially those from California get a little blindsided because everything here is so cheap it all looks like a guaranteed great deal.

You need to make sure you're working with someone whose sending you personalized deal flow that actually meets your buying criteria.

Quote from @Jonathan Small: @Dan Maciejewski I agree that property managers can make or break a deal. 

We run into this especially at out parcels in grocery anchored centers, and our users generally can't make a ground lease work for the business case so the next best thing does tend to be the BTS or we often do Reverse BTS deals where the majority of the building design and management etc is done by the tenant. 

I closed a deal from a BP lead this year and paid for the whole trip.  

Ron's "Quick Start" Seminar is the first training where when I walked out I realized that I didn't have to spend another dime on training and could walk out and do a deal.

Unless you plan to sell one of these in the next 5 years, you'll probably get a better deal if you try to refi both of them at the same time.

Additionally I would suggest having the long term financing relationship built so that they can easily transition the deal after renovation. 

Ask the manager to explain their process for dealing with maintenance or problem tenants.