People still do it, but always a risk if you try to go around the city rules and regs.

@Chris Duzan and I formed Soda City Investments, LLC and are just looking for some great deals!

Primary targets are located in cities (100k+) with positive population growth over the past five years; possessing easily identifiable macroeconomics. 

To my understanding, the legal out of state entity can own the property AND manage the rental property because it is passive income...But California and New York may have different laws you need to check.Generally, The requirement to register an LLC as a foreign entity in another state generally depends on whether the business is considered to be "doing business" in that state.

I also have a couple of investment properties in Panama City!

I would be delighted to assist you and provide insights into the current Kansas City market.

Columbus is a rapidly growing city with a strong rental market.

So if you have to go remote (because you live in one of those markets) spend some time in your target city, plan on being there often, video call the contractors every day.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!