I also figured the tech boom and maybe the medical field would end up filtering to secondary locations.One article led to another and I decided to jump on board. 

I then brought my broker on board and he was able to pull together all the heirs in a purchase agreement via Dotloop.

I then brought my broker on board and he was able to pull together all the heirs in a purchase agreement via Dotloop.

So long as you can satisfy the 1031 requirements for the 4 units that are investment, you might be able to make it work.I’d recommend getting a qualified intermediary on board early to help you work through the planning process.

I've got to say this: Attracting, showing, screening, and on-boarding tenants is just a teeny, tiny part of the whole property management process.Because you are out of state, I would strongly urge you to hire a professional PM to handle this and all the other services you are going to need.That way, you can focus on finding more great rental properties, and not on reinventing the wheel!

Here are some of the top tools that I recommend for this business model and just in general.Market ResearchLocal business newsLocal real estate newsLocal city planner and urban development departmenthttps://www.airbnb.comhttps://evolvevacationrental.comhttps://www.airdna.cohttps://trends.google.com/trends/Finding Propertieshttps://www.zillow.comhttps://www.apartments.comhttps://hotpads.comhttps://www.trulia.comhttps://www.realtor.comhttps://www.homes.comBusiness Resourceshttps://www.legalzoom.comhttps://www.docracy.comhttps://www.rocketlawyer.comhttps://www.nolo.comhttps://www.incfile.com/form/llchttps://www.corpnet.comhttps://quickbooks.intuit.comBook Keepinghttps://quickbooks.intuit.comhttps://www.freshbooks.comhttps://www.zoho.com/us/books/Running A Successful Businesshttps://beyondpricing.comhttps://evernote.com/products/scannablehttps://www.google.com/drive/https://www.yourwelcome.comhttps://sandiego.craigslist.org/https://www.guesty.comhttps://august.com/https://get.google.com/trips/https://primenow.amazon.com/onboard?

At least the passengers will be coming into the new Penn Station and have access to some of the best new office space to work at with Hudson Yards and future Hudson West coming up.

@Khalid Bryan I completely am on board with the thought process here.

As I'm just getting on board here, so I've got tons of homework to do.

Once the property is yours, then it is the property manager who will handle the on-boarding process and add to your RE portfolio.