It’s particularly helpful in markets with high rental demand, like Memphis, where you can find vetted properties with tenants already in place.4.

The rising prices certainly highlight the growing demand in the area. 

The city has seen steady growth in recent years, with various neighborhoods experiencing revitalization efforts and increased demand for housing.There are plenty of opportunities for value-add investments in Philadelphia, particularly in under-valued, distressed, or poorly managed properties.

But, especially in this high demand market, you need to cast as many nets as possible and, likely, take on what feels like more risk.

If you can manage a house-hack closer to home that helps you build equity and net worth, while demanding a minimal down payment, I personally think that’s a better option.

@Miciah FurbayTo invest in investment properties, consider Phoenix's affordable neighborhoods and out-of-state cities with strong rental demand.

The only other county in Utah that's demand profile is similar is Summit county (bc of Park City.

Especially in a big money/high demand area like you're in.

Hi Christine, for a successful out-of-state investment, carefully research and select safe, high-demand neighborhoods in Memphis or Columbus, consider the potential benefits of duplexes for better cash flow, and engage a reliable property management company to handle local operations efficiently.

That's a very different animal.