There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

He can't fit in the car.

If you click on the magnifying glass in the upper corner you can see the previous responses.

I just paid off $1500 in bills, so almost a wash.  

I work in Potomac, MD, and would like to buy a condo or apt that I can easily commute and live in, and then eventually rent out, and then buy another. 

Quote from @Melissa Faraias: Hello BP community,I am an out of state landlord with a rental in Bluffton SC.

7% is probably good for projections, but I would ask whatever bank you're planning to go with where they're at and factor in an extra 0.25% to be safe.

I'm based in DFW area but also have connections/interest in Notheast Texas.

Do you also have properties in the Smokies?

I bought a property in October 2024, did a rehab from Nov-Dec 2024 and found a renter in beginning of Feb 2025.