We mostly buy houses from out of state and are aware of it's challenges but many investors have done successfully, so it can be done.

If you were looking to buy a fixer upper etc..

He’s only 55, he can enjoy his retirement, golf, etc for a few years and buy back in when he sees a good opportunity.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

It’s clear that there’s an incredible wealth of knowledge and experience here, and I’m excited to continue learning and growing with this community.I’m looking to connect with members who are open to mentoring or collaborating on real estate deals, particularly in buy-and-hold strategies for single-family or multi-family properties.

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

I purchased this before deciding to get in to real estate.I am trying to decide if I should rent the property out or sale it to buy something with long term investment in mind.

All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

So, they could potentially buy another house later on.

You can find decent SFHs in the $150k-$180k range that can cash flow if you buy right.The challenges?