I would not buy something right now just to buy something.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?

Investment Info:Single-family residence buy & hold investment.

Could happen but very rare. #4 See everything you plan to buy in person. 

Get a 50% LTV loan and buy another property just like the one you own. 

Need to buy all again.Had stocked packed linen closet but not anymore..need to stock again. 

I have the "Bidding to Buy" book next on my reading list, following by David Greene's "Long Distance Real Estate Investing" book. 

If that’s the case you can buy in the LLC, in your name, or in a new disregarded LLC.