I personally do not have experience managing rentals.

I work with a lot of househackers and they're typically on the 12 month cycle, rinse and repeat.While the proposition of acquiring an investment property outside of your market in a "landlord friendly" state may sound appealing, i would recommend you stay local for now and househack another couple of properties over the next few years until you've got some more time / experience under your belt.you would need a management company to cover your property that is outside of your market which would not only take 8-10% of your gross it would also leave you a bit vulnerable to a property management company that you A.)know nothing about and B.)you won't have the experience or cashflow or proximity to deal with any headaches that may arise.i would recommend staying local and househacking your way along for now and then maybe hire a local property management company initially to work with your current/local properties to get a taste of what to expect if and when you begin investing outside of your market.

We understand that tax complexities can be challenging, but our experience shows that many of these barriers can be overcome with a strong local team.

I first came to the intro about a year ago and it has been a great experience.  

Can't believe I've been reading Rich Dad books for years before ever hearing about Bigger Pockets via David Greene books (BRRRR and Long-Distance RE Investing).

You can also check out the PassivePockets Podcast and if you take up my first idea, The Hands Off Investor by Brian Burke is a great read.

Definitely not a good There are a number of threads here that if you read between the lines you'll find the answer that you're looking for. 

I manage around 400 rentals with 14 years of experience and have never been sued once.

Purchase and rehab properties will have a similar reduction, but as long as you have experience within the US, you should still be able to get some pretty good terms.

I always enjoy reading your updates and thoughts on the area.So, what is your best area right now according to your data and opinion?