I work with plenty of out-of-state investors who are seeing great success here in Ohio.Read this article on the "core 4".

✅ Low operating costs✅ Low crime rate✅ Low risk of a natural disaster✅ Sufficient population to have economic stability, major highways, and a major airport.

If I directly hold rental properties under the 401k, and only use this account for operating activities, I need to be able to send out wires for property earnest money and down payments, and also provide the account number to my property manager if I need to make a contribution or if they give me monthly rental distributions.

My family owns REI Nation, and we operate in DFW, Houston, San Antonio, and 8 other cities across the Southeast.

Hi Ignatius, following David Greene's Core 4 strategy—realtor, contractor, property manager, and lender—can give you confidence to invest in any location.

Obviously, the passive nature, but you can find an operating partner and you wouldn't need to give up control.

Or if I still want to have the 401k Invest in an LLC, I believe I can open an LLC business account, have a form that says it is a private equity investment from the 401k, and then operate the LLC to hold a rental property.Fidelity has reps that don't understand things.

In the case of a syndicate, the LLC and its operating agreement help to formalize the legal relationship between investors.

Make sure you find a good property manager unless you are prepared for a part time job and being on call to keep the operation going.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.