So, investing in a market you don't know is like saying: I am going to open a retail business without knowing what product you will sell, how to source the product, or who your customer is and what drives them to purchase.  

Call the customer retention department at a credit card company you already have a credit card with.

He just helped my Doctor customer close on a Vacation home $1.2M home raking in over $125K in annual ROI.He is a Bigger Pockets member as well @AJ WongI'll look up Quorum, thank you.My theory is that if the numbers don't work as a long term rental, the numbers don't really work. 

Principal, interest, taxes and insurance. 280k with 20% down at 7% = about $1500 a month for PI.

It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120. 

I would include at least the heavy hitters like title insurance, transfer taxes, appraisal, and paying my closing agent.

Hi James, We have many customers from out of state and people that build a strong portfolio from afar.

if it burns down, I will have insurance.  

Just get extra liability insurance on them.

If they settled out of court, why didn't insurance pay everything?