Get knowledge, follow experienced people, and leverage wisely.My Take:If you have two houses, excellent credit, and motivation to build wealth, you can learn to manage your money responsibly.Use HELOC, credit cards, and business credit funding to leverage your cash and buy properties faster.

I am typically managing 5-10 construction projects at a time.

A solid agent can help you calculate ARV, manage inspections and contractor connections— get quotes and coordinate handymen and vendors post close, provide shopping lists and software suggestions for management or STR furnishing, etc. 

I'm looking at Class B properties in up-and-coming neighborhoods and plan to self-manage once I relocate.  

And if you do manage to get a property tax abatement or some relief from the assessor, that’d just be icing on the cake.Good luck, and let us know how it goes!

You'll have a property manager do the management (so you being close to it is not needed).Yes there are risks for some people to go out of state but if you learn the techniques like I have, you'll see it's actually easier and far less risky.

However, this may also affect returns and management burden.

We manage three large apartment complexes in two different submarkets in Indianapolis. 

Being able to visit properties, oversee rehab projects, and manage your team is crucial for successful investment.Ultimately, there's much to consider beyond the initial purchase and rehab.

Managing expectations is key.