Indy, for example, has strong rental demand, investor-friendly regulations, and a mix of appreciation and cash flow.Property Management for OOS Investing – As a first-time investor, I highly recommend hiring a property manager unless you have a super-reliable local team.

Does anyone have a recommendation for a reliable, quality cleaning company with great communication?

Reliable property management is everything, especially as out-of-state investors.

First, it fast-tracks your learning as an investor - you are forced to develop better time management skills, build your network of reliable contractors/ handymen, etc..Second, when you are ready to transition to a property manager, you are well equipped to evaluate and hire the right company.3.

Hey @Morgan Iacolucci, @Pat Aboukhaled has some great insights here, and I really agree about locking down that buy-back clause right away.

The interest rate is nice, if there was a way to increase the cash flow to ~15% or greater COC you could pull a HELOC on the property for 9% and collect the delta.again though, i would suggest selling it and trying to lock up a property or two with the proceeds that required some sweat equity, force appreciation through a reno, rent it out, refinance and repeat (BRRRR)

In real estate, I don't change locks, screen tenants, evict tenants, inspect properties, or finance my deals - I have property management, property inspectors, and mortgage lenders that do this for me (outsourcing).

The ongoing issues are seriously impacting my financial tracking, and it’s disappointing, especially when other budgeting apps using third-party services seem to have no trouble with reliable syncing.I’ve been looking into alternatives like REIHub.

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

We don't specifically ask for them to "close" but we do ask for them to lock the door behind them.