Investing out of state is cheaper for the purchase if you live in an expensive market, but when you have to rely on someone else to do everything that obviously adds some cost. 3.

Ive estimated $1mil total.

Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.

Quote from @Garrett Kroll: Our property management business recently reached 1,000 total reviews across our 18-property portfolio, and we’ve been fortunate enough to maintain a 4.99 average rating across all OTAs.I wanted to share some strategies we focused on that helped us reach this milestone.

Obviously if there are extenuating circumstances we might have a different conversation. 

They obviously won't want to share that unless they redact the purchase price.

Obviously, mortgages are longer than 24 hours so there is no direct correlation between fed funds and long-term mortgage rates.

Jaycee,Yes they have a 90 day extension but obviously at a cost.

I totally agree with Eric, for your first deal look to something with as low risk as you can.  

Asset protection is an obvious reason for many, but if you are sued, in reality, the opposing attorney will do everything to get to you personally, anyways.