I realize that's a scary proposition to drop your occupancy (I've gone through that myself recently) but also consider how much less work it is for fewer turnovers - so that's a bonus on top of higher revenue and less wear and tear on the property!

If he approached a realtor, with an over-priced listing proposition I’m pretty sure the real estate agent wouldn’t waste their time listing and showing it.

The one thing is that property tax rate in Indianapolis is 2.78% and there's no Proposition 13 - I think there's something similar to that in Nevada and Arizona where your property taxes can't go up above a certain percent.

With the right strategies, you can make a ton in either area, so I don't necessarily it's an either or proposition.

Where mine is located its a borderline breakeven proposition

@Aruna Abdool buying ooout of state in a market that you don't know seems like a scary proposition, but there are a lof of things that you can do to mitigate the risk, First of all, the biggest mistake out of state investors make is not knowing the neighborhoods and buying in bad areas.

You should thank your PM for not wasting your money on such a nonsensical proposition as a eviction to regain possession of a property s/he already has possession of, against a person who isn't in the country, when you already have a security deposit to cover most or all of the vacancy. 

Buyers may be more interested in new construction because it is often built to modern standards and offers the latest amenities and features.Long-Term Value: New construction typically offers a longer-term value proposition than flipping homes.

It's definitely not an easy proposition, but as Chris has outlined in his detailed post, if a person has the desire and tenacity, it is possible.

Real estate investing requires resilience, education, networking events, persistence, value proposition, partnerships, local real estate associations, online communities, professionalism, and continuous improvement.